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
Knightofelemia28d ago

I am curious as to what games got canned.

DarXyde28d ago

Probably GTAV: Enhanced for PS5 Pro 🙂

Newmanator28d ago

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

just_looken28d 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.

roadkillers28d 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?

roadkillers28d 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.

ConsoleAgnostic28d 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.

jwillj2k428d 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.

redknight8028d 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.

jwillj2k428d ago

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

Barlos27d 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.

jwillj2k427d 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.

blacktiger28d ago

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

Relientk7728d 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

Show all comments (19)
330°

Microsoft's quest for short-term $$$ is doing long-term damage to Windows, Surface, Xbox, and beyond

Microsoft is pushing for no "red line" for what games could come to PlayStation, and it all revolves around Satya Nadella and CFO Amy Hood's plans to increase every department's margins.

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windowscentral.com
Brazz12h ago

"The plan to move Xbox games to other platforms is codenamed "Latitude" internally, and I know there's debate and unease at Microsoft about whether or not this is a good idea. More upcoming Microsoft-owned games slated for PlayStation are already being developed. At least for now, they're potentially obvious games you'd most likely expect. And yes, while it's true Microsoft is a prolific publisher on PlayStation already, it has typically revolved around specific franchises like Minecraft. From what I've heard, Microsoft is pushing for no "red line" for what games could come to PlayStation, and it all revolves around Satya Nadella and CFO Amy Hood's mandate to increase every department's margins. "

Yeah, they are going to kill Xbox hardware.

Xeofate9h ago

"Yeah, they are going to kill Xbox hardware."

It's for the best.

Quit stringing along xbox fans and screwing over PlayStation owners.

crazyCoconuts5h ago

Take good care of those Xboxes if you have 'em ...

outsider16245h ago

An Xbox game on a Playstation. Never in my years of gaming did i ever thought this was gonna happen.

jznrpg41m ago

It is dying anyway so doesn’t make much of a difference

VersusDMC25m ago

No way can they get rid of the hardware as probably 90% of game pass subscribers are hardware users.

Highly doubtful those users will move to PC or Cloud to subscribe there and the competition (Sony and Nin) will never have gamepass on their system.

If they want to keep the current subscribers, they need to keep releasing new hardware.

+ Show (2) more repliesLast reply 25m ago
gold_drake11h ago

i think it will kill off the xbox brand. windows will be fine.

but there is and would be a chance that xbox might be killed off in the future. if they fail to make the money they put in. imo.

S2Killinit8h ago

They wont kill it, but they will go fully PC while keeping xbox as a brand, and go multiplatform for the most part. They will also work tirelessly to diminish console gaming’s importance.

PRIMORDUS5h ago

It would be best if Xbox goes the way of Sega, just make and publish games. I know I myself will not support them at all with buying games from them, you all can. 🙃

ChasterMies4h ago

The Xbox brand will live for the games. I don’t expect Microsoft to entirely drop out of gaming hardware. They make Surface tablets and laptops. They’ll make Xbox branded hardware for those that want it.

shadowT10h ago

"Microsoft is pushing for no "red line" for what games could come to PlayStation"

Forza and Starfield next?

Skuletor9h ago

Starfield would be no surprise and there's the rumor that it will come to Playstation after the Shattered Space DLC, Forza (along with Halo and Gears of War) I find less likely but I wouldn't be surprised if they eventually end up on PlayStation too, especially if Xbox give up on hardware and go the Sega route.

shinoff21839h ago

Not to worried about forza. I'd rather see others like what inxile and obsidian are working on. Starfield sounds like it needs more time in the oven so let it cook first imo. If starfield and it's a small if does release on ps it'll be in the fall around the time for dlc or right at the dlc and come packaged with it.

-Foxtrot10h ago

In the words of Phil Spencer when he was talking about Nintendo last year

“It's just taking a long time for Microsoft to see that their future exists off of their own hardware"

S2Killinit8h ago

Yup. MS are a cancer to console gaming.

Aloymetal8h ago

100%!!
I wonder what happened to that dude that was always here posting those court articles with cartoons about MS spending all those billions in studios. He suddenly disappeared, I guess he doesn't like bad news when the green brand is in trouble. No new articles from him as of late...

PRIMORDUS5h ago

Yup, and it's only going to keep spreading.

Outside_ofthe_Box5h ago

Phil Spencer's words always comes back to bite him lol

9h agoReplies(7)
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90°

Epic Games Faces $1.2 Million Fine Over "Unfair Practices," Plans to Fight Back

Epic Games is facing a $1.2 million fine by the Netherlands Authority for Consumers and Markets over "unfair practices" in the Fortnite shop.

Sciurus_vulgaris1d 2h ago

It might be cheaper to simply pay the fine. Fighting said fine could cost millions due to court and lawyer fees. Fortnite generates well over a 100 million in each month, so Epic has plenty of cash.

franwex19h ago(Edited 19h ago)

But if they did pay it, then they are basically admitting that they did something they weren’t supposed to be doing. If they fight it, they may win and continue to have a sense of urgency for their micro transactions thus making more money long term.

Goodguy0111h ago(Edited 11h ago)

Meaning more suits to follow from others if they don't fight as well.

Not a fan of Epic nor fortnite and their micro transactions. But the game is heavily supported and is free to play, all store items are completely cosmetic.

17h ago
Furesis14h ago

I'd fight back too. These are kinda meaningless reasons to fine someone like really for THAT. It's like they just wanted to make money or something.

Sephiroushin4h ago

There is a law for something, but even if its stupid follow it because if you break it you pay for it; if they knew they cant place a “buy now” in NL then just dont do it!

80°

Dev Gets Windows 11 To Run On A Nintendo Switch, Don't Try This At Home

The OS works, but it barely crawls along on the Nintendo Switch's older ARM chipset.

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hothardware.com
OtterX18h ago

Yeaaa... no. It's cool to say that you got it running as a bragging right, but this is completely unusable. I like how he hits the screen while trying to type! X'D

Vits12h ago

I mean it always start like this. Ubuntu was the same, started with just being able to load the GUI, now people can play classic PC titles like Fable and Warcraft 3 as well as emulate GC, Wii, 3DS and PS2 on their Switch. With Windows things are definitely harder because Windows on Arm is pretty garbo, but who knows in a couple of years.