After saying layoffs would be the "hardest thing to do", GTA publisher Take-Two announces plans to lay off around 500 staff, cancel some projects
VG247 -

Take-Two Interactoive, the company behind GTA developer Rockstar Games - which also recently acquired Borderlands developer Gearbox Software for $460 million - has announced plans to lay off just over 500 of its employees and cancel some in-development projects. This, as we've sadly come to expect, is part of a plan to cut costs at the company.The plans were revealed via an SEC filing (thanks, GamesIndustry.biz) which outlined that Take-Two's board of directors had approved them and provided an...

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