Take-Two Interactive (TTWO) will reduce its workforce by approximately 5 percent & cancel projects
The downsize is estimated to cost $160 to $200 million and is expected to achieve an annual cost saving of over $165 million.
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The downsize is estimated to cost $160 to $200 million and is expected to achieve an annual cost saving of over $165 million.
CEO Elon Musk says Tesla needs to reduce costs and increase productivity.
The closure of Possibility Space comes just a month after Strain shut down Crop Circle Games.
The layoffs affected employees across Sega Europe, Creative Assembly, and Sega HARDlight.
Electronic Arts' layoffs will impact roughly five percent of the company.
The layoffs will also impact teams at Naughty Dog, Insomniac Games, Guerrilla, and Firesprite.
The Dark Pictures studios confirmed that it's undergoing reorganization.
The company claimed laying off 8 percent of its total workforce is part of its aggressive restructuring plan to 'maximize shareholder value.'
The team behind Showgunners is the latest to suffer layoffs.
The layoffs constitute 10 percent of the overall company staff.