190°

GTA 6 Publisher Take-Two to Layoff 5% of its Workforce and Cancel Games

Take-Two Interactive has announced that it will lay off 5% of its workforce and cancel some of its games in an effort to increase profits.

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insider-gaming.com
Knightofelemia45d ago

I am curious as to what games got canned.

DarXyde45d ago

Probably GTAV: Enhanced for PS5 Pro 🙂

Newmanator45d ago

$1 Billion + for GTA Online. Need to increase profit!

just_looken45d ago

They had a deal with netflix there were rumors of a bully remake and or port.

They also were deep into another version of gta iv like there crap gta trilogy remember all the takedowns.

roadkillers45d ago

It's a business tho..TakeTwo has 11,600 people, which means they let go around 600 people. There was probably a lot if bloat, but did anyone report about TakeTwo giving any "stimulus" to the employees laid off?

$35 million is being spent on severance pay. That's roughly $58,000 per employee, which probably includes continued benefits and pay after seperation. Can we get more of a report on how TakeTwo is supporting those let go?

roadkillers45d ago

^ That's if the averages worked out. We don't know if its like that or if a big shot got $30 million while others got dirt...

That's why we need journalists to dig in instead of these shallow news reports.

ConsoleAgnostic45d ago

Severance is great but the problem is the industry is experiencing layoffs all over, which makes it very hard for a lot of these people to get back into a job. The issue is these companies are expecting higher revenue every year, and when they have a year where they make the same amount or a little bit less all hell breaks loose. The only silver lining I'm seeing here is that a lot of these people will go on to create smaller indie studios and hopefully create something.

jwillj2k445d ago

There should be a law that says you can’t get rid of employees just for profits without executives taking a x % pay cut first. Encourage them to figure something else out.

redknight8045d ago

100% agree! I understand layoffs are a necessity sometimes but in addition to that, yeah, the CEO should not have their bonuses paid out that year; at the very minimum.

jwillj2k445d ago

Anyone who disagrees hasn’t felt the turmoil of being laid off.

Barlos44d ago

Exactly, and I'm feeling this right now for the second time in less than 2 years. I lost my last job 3 weeks ago.

jwillj2k444d ago

@Barlos

I feel for you. I can’t imagine what you’re going through. I hope you and your family can get through it and that you find another job quickly.

To give disagreer’s some perspective, getting laid off is worse than being fired imo. When I’m fired (if justified) it’s because I either don’t have the skills, drive or have done something against company policy. That is a closed case situation (most of the time).

When being laid off you could be the hardest working employee. They just don’t need you anymore. It’s a self-worth problem that is difficult to get over emotionally and mentally. The stakes are much higher when you’re the bread winner and have wife/children depending on you. It’s a do or die situation.

In 2015 was laid off once and found a new job 3 days later. It still affects me in my day to day not knowing if/when it will happen again.

blacktiger45d ago

They haven't even released the game, previous game made 10000% percent profits and then layoff?

Relientk7745d ago

Should be canceling the casino simulator sports games, but I know it's not them. It better not affect BioShock 4 and the Borderlands games

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200°

Sony shares big new PS Plus stat, but not the one we want to see

PlayStation Plus has improved the split of PS4 and PS5 players on its priciest tiers, but Sony continues to hide total subscriber numbers.

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theloadout.com
mandf1d 6h ago

lol acting like it’s equivalent to ms numbers

Mr Logic1d 5h ago

Uh...They're definitely not equivalent.

"Microsoft’s Xbox Game Pass service now has 34 million subscribers."

"the total number of PS Plus subscribers across all tiers was 47.4 million"

darthv721d 5h ago (Edited 1d 5h ago )

That PSN number seems like it should be much higher... especially when you consider that PS4 alone has a sell through of over 117m. To not even be at least half that is rather interesting.

To the XB side, having 34m to an install base of roughly 50m (XBO sell through) or even 85m (360 sell through) is a greater percentage of unit to member ratio than PSN.

bloop1d 1h ago

That's not the "gotcha" you think it is Darth.

darthv721d 1h ago

^^it's not supposed to be bloop.... it's just an interesting observation.

Einhander197223h ago

darthv72

"That PSN number seems like it should be much higher... especially when you consider that PS4 alone has a sell through of over 117m. To not even be at least half that is rather interesting.

To the XB side, having 34m to an install base of roughly 50m (XBO sell through) or even 85m (360 sell through) is a greater percentage of unit to member ratio than PSN."

Have you ever heard of a PC before? I hear they are pretty popular.

fr0sty17h ago

MS started lumping gold subscribers in with those GP numbers... keep in mind.

+ Show (2) more repliesLast reply 17h ago
shinoff21831d 4h ago (Edited 1d 4h ago )

What. Definitely more os plus subscribers but that makes sense due to actual console sales

Darth the difference between the bases are huge your right but you gotta think. Ps players buy more games, where as the Xbox base relies on gamepass for their gaming. So it makes perfect sense

darthv721d 4h ago (Edited 1d 4h ago )

What makes perfect sense though? You say PS players buy more games... so then logically there should be more PS+ subscribers given the increased number of online multiplayer games in the PS4 generation alone. The PS4 was the first time that + was required for online play much like Gold was for 360 users.

Keep in mind we are talking subscribers, not simply XB/PS users. I assume you meant to say offline single player games, which is most likely true as well. That gen also saw a significant increase in games with an online component comparted to the previous gen.

victorMaje1d 3h ago

I for one will be going back to essential at the next renewal. When I feel a game is good & right up my alley, I’ll check trusted reviews & just buy it.

jznrpg1d 2h ago (Edited 1d 2h ago )

I have the top tier until 2028 as they gave me a massive discount for all the years I had left but I’ll most likely go to essential as well. I buy my games but my kids do use the service occasionally. They do prefer to own their games as well since any game can leave the rental service at some point and they don’t like that idea. They mostly use it to demo games then ask me to buy games if they really like it.

RedDevils22h ago

For me, I will cancel it all together but unfortunately I still have it till 2030 lol

meganick1d 2h ago

I would like to see Sony add a fourth tier of PS Plus for people who just want to be able to play games online without any of the perks like monthly games, store discounts, or anything like that, and it should cost $20 annually, $30 maximum. There’s no way I’m paying $80 just to play games online. Even the original $60 fee was too much, and I would often wait for sales to re-up my subscription.

P_Bomb22h ago(Edited 22h ago)

Essential is too expensive, I agree. We’ve got one Essential and one Premium sub. Dropping the Premium when it expires.

gamerz19h ago

Just let my subscription lapse for the first time since 2010. Will sub again every now and then for a month or so to access my old ps+ games but for me it's the end of an era.

DivineHand12518h ago

Let those numbers continue to drop because it is now too expensive. $80 per year just to play online. I noticed they didn't offer any discounts on the subscription or controllers during this year's days of play for the first time in many years and they will feel it when people choose not to renew.

My subscription will lapse next month and it will stay that way until further notice.

KevtheDuff15h ago

There were savings on subs and controllers here in the UK? I bought a controller yesterday in the sale..
It would be weird if those deals were not in other territories too?

160°

Silent Hill Transmission Livestream

Konami has announced that a Silent Hill Transmission will take place on Thursday, May 30, at 4pm PT/7pm ET that will reveal game updates, a "deeper look at the film," and new merch. Join us at IGN to find out what's next for this beloved franchise.

RaidenBlack2d ago

Hope SH2 gets more polish before release.

P_Bomb2d ago

I’m not paying $94 CAD for what they’ve shown me. Looks rough as sin.

Fishy Fingers2d ago

Ive seen better lip syncing during a Punch and Judy show

Sonic18812d ago (Edited 2d ago )

This looks terrible. Capcom should have done the remake 😂 The animations and gameplay looks stiff.

-Foxtrot2d ago (Edited 1d 23h ago )

Okay. I was saying before in another article how SH2 looked better than the last trailer, which is true but damn this looks rough as hell.

I wanted RE4 / Dead Space remake quality

Sonic18811d 23h ago (Edited 1d 23h ago )

I wouldn't buy it for $70 dollars. Maybe when it's on sale.

-Foxtrot1d 23h ago

Yeah full price, deluxe editions, Konami are f***** tripping here.

CrimsonWing691d 23h ago

The characters look terrible to me… like it’s distracting.

repsahj1d 18h ago

I will give this game a chance!!! let's go!

80°

Cheat Provider To Pay Call Of Duty Creator Activision Nearly $15M In Damages

Cheat software provider EngineOwning will pay Call of Duty creator Activision nearly $15 million in damages and legal fees.

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twistedvoxel.com
Jin_Sakai2d ago

Cheat providers for competitive games should be illegal.

Rynxie1d 23h ago (Edited 1d 23h ago )

This is what developers and manufacturers should do. I know going after cheat devices/makers is a cat and mouse game, and cost money. However, they can get that money back by sueing these manufacturers of cheat devices. Take a page from Nintendo's playbook.