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GTA VI Publisher Cancels $140 Million In New Projects And Lays Off Hundreds

kotaku.com
submitted
a year ago
byrss-bot bottogaming
“The Company expects $40 million to $60 million of the total charges to result in future cash expenditures. The total charge consists of approximately $120 million to $140 million related to title cancellations, approximately $25 million to $35 million associated with employee severance and employee-related costs, and approximately $15 million to $25 million related to office space reductions. ”“The Company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the Plan,” Take-Two wrote in its filing. Zelnick raked in over $40 million in total compensation as head of the company last year, thanks in part to bonuses pegged to getting players to spend more money onIt’s currently slated to arrive in 2025. Error: Not Enough similarities to be summarized, or the sentence is invalid.
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