Take-Two is making layoffs weeks after dropping $460M on Gearbox Interactive

The publisher will spend up to $200 million on a cost reduction program that will also include project cancellations. April 17, 2024 Grand Theft Auto maker Take-Two Interactive is reducing its headcount by 5 percent as part of a cost reduction program that was announced earlier this year. The U.S. publisher, which just spent $460 million to acquire Gearbox Interactive from Embracer, said it wants to "identify efficiencies across its business and enhance the company’s margin profile, while still investing …