Why is GTA 6 publisher Take-Two Interactive laying off employees! | Slowdown in Gaming Industry🤔

On April 16th 2024 Rockstar game’s parent company Take2Interactive has decided to lay off about 5% of its work force i.e. in terms of numbers it is going to get rid of 600 employees out of its total workforce. This news is very shocking to the entire gaming community because we all are eagerly waiting for Grand Thef Auto 6 and GTA 6’s release is right around the corner, and the entire world knows about it! But then the question arises why is Take2Interactive laying off employees before such a big release!
Chapters 👇
0:00 Introduction
3:19 How bad is it?
5:09 Pre & Post Pandemic
7:08 In the end
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[@arg99]

On April 16th 2024 Rockstar game’s parent company Take2Interactive has decided to lay off about 5% of its work force i.e. in terms of numbers it is going to get rid of 600 employees out of its total workforce. This news is very shocking to the entire gaming community because we all are eagerly waiting for Grand Thef Auto 6 and GTA 6’s release is right around the corner, and the entire world knows about it! But then the question arises why is Take2Interactive laying off employees before such a big release!

[@therealphantombeats7171]

Every major company is struggling right now because of the president’s policies and decisions…. So these companies are having issues with paying for the employees, building needs, rent, lights & water….. The pandemic has nothing to do with this current state of the economy.

[@arg99]

I only talked about the gaming industry
Tbh pandemic has a bit of influence on the current situation, pre pandemic mass hiring just to cater the impressive demand is one big of a reason, also quality of games were good back then but post pandemic quality fell so does the demand and now companies were sitting with that mass hired force to cater a dwindling demand

[@metroknme4922]

gaming industry relies in rockstars next title gta6 if that flops gaming is dead idc

[@arg99]

Rockstar won’t mess up this big of a title hopefully. Their track record holds a lot of credibility.
The part that truly makes ma sad is that other game companies are failing to deliver quality products for quite some time now.
The industry can’t just depend on handful few studios like Rockstar