Take-Two Lays Off 600 Employees, Cancels Games Amid Industry Cuts
- Take-Two Interactive laying off 5% of its 11,580 employees, around 600 people
- Company "rationalizing its pipeline" - canceling some games in development
- Second round of layoffs in a year, following cuts at Private Division in 2023
- Company still profitable, with $1.3B last quarter, but cutting costs and employees
- Over 16,000 game industry layoffs in 2023 so far, trend continues into 2024
