Take-Two to Shut Down Two Studios - Roll7 and Intercept Games - News
by William D'Angelo , posted on 01 May 2024 / 2,759 Views
Take-Two Interactive will be shutting down two of its subsidiaries as part of a mass layoff, according to a document reviewed by Bloomberg.
The publisher will be shutting down Rollerdrome developer Roll7 and will offer severance packages to those laid off. This is according to a note sent to staff.
The second studio that will be closed is Kerbal Space Program 2 developer Intercept Games, according to a notice filed with the Washington State Employment Security Department. 70 employees will be laid off at the Seattle-based studio.
Take-Two announced last month it would be laying off around five percent of its staff, which is around 600 employees.
Both of the studios that are closing are part of Private Division, which was founded in 2017 to publish small and mid-sized games. Sources told Bloomberg other employees at Private Division have also been laid off.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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If they're closing Intercept Games, who's going to finish KSP 2?
Take Two could have kept these studios running with the ongoing sales of GTAV alone. This is pure greed at its finest.
Welcome to capitalism.
Pretty much. Some companies are greedier than others though. Nintendo almost never closes studios.
Nintendo operate similarly to Valve, they are more private companies. But if that ever changes, they will become like the rest of the industry.
Valve isn't publicly traded but Nintendo is, which puts pressure on them to drive profits.
