‘Grand Theft Auto' videogame maker axing 600 jobs, scrapping projects

Take-Two Interactive Software will lay off about 5% of its workforce, or around 600 employees, the publisher of the “Grand Theft Auto” franchise said Tuesday, as the video-gaming industry extends its more than two-year long job cuts.The company will also scrap several projects in development as part of a cost-reduction plan, which is expected to result in total charges of up to $200 million. It declined to name the projects that have been canceled.Take-Two said the move is expected to drive more than $165 m ...