GTA 6, Bioshock publisher Take-Two to lay off hundreds and cut projects

The company expects to complete its downsizing efforts by the end of this year. | Image: Take-Two Interactive Take-Two Interactive, the gaming company behind franchises like Grand Theft Auto, NBA 2K, and Bioshock, has announced cost-cutting measures that will lay off “approximately five percent” of its global workforce and scrap several projects already in development.
The company said in an SEC filing published on Tuesday that it is “streamlining its organizational structure,