Headline: Take-Two Interactive laying off 5% of staff
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PC Gamer report that Grand Theft Auto’s publisher has said they are making cuts to their workforce to rationalize it’s pipeline. The developer is also cancelling multiple exixting projects. Take-Two have shared of the layoffs, that is has, "approved a cost reduction program to identify efficiencies across its business and enhance the company’s margin profile, while still investing for growth," In other words, they are laying off approximately 5% of staff and shutting down several games currently in development.
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