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Take-Two announced a company-wide plan in April 2024 that projected cutting about 5% of its workforce and canceling some development projects. A separate report in August 2025 said more than 80 people were laid off at Cloud Chamber, the studio making the next BioShock. The two events happened at different times and have different evidence behind them; the 2025 cuts were not part of the 2024 plan.
What Take-Two announced in April 2024
Take-Two’s board approved a cost-reduction plan on April 16, 2024. In an SEC filing, the company projected a workforce reduction of approximately 5% and said it expected the plan to be largely complete by December 31, 2024. The filing also estimated charges associated with canceled titles, employee costs and office-space reductions. Those amounts were projections, not final realized totals.
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Bioshock: The Collection Playstation 4 | $20.92 | Buy on Amazon |
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| Part of the 2024 plan | Company estimate in the SEC filing |
|---|---|
| Title cancellations | Approximately $120–140 million in related charges |
| Severance and other employee-related costs | Approximately $25–35 million |
| Office-space reductions | Approximately $15–25 million in related charges |
Reuters estimated at the time that a 5% reduction represented around 600 employees, and reported that canceled projects could account for up to $140 million of the charges. That is a contemporaneous approximation, not a final headcount or a list of canceled games. Take-Two did not identify the projects in the SEC filing. Read Take-Two’s SEC filing and Reuters’ April 2024 report.
What happened at Cloud Chamber in August 2025
In August 2025, the Los Angeles Times reported that more than 80 employees—about one third of Cloud Chamber—were cut in a studio reorganization, citing people familiar with the move. Cloud Chamber is developing the next BioShock. This reported studio-level figure is distinct from the company-wide 2024 projection and was not an SEC-reported count. Read the Los Angeles Times report.
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- Bio Shock 2 main game and all single player DLC
- Bio Shock Infinite main game and all single player DLC
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Did Take-Two cancel BioShock?
No cancellation is established by these announcements. 2K president David Ismailer said the team would rework core aspects of the game and be reduced to focus on that work, giving the project more time in development. His statement, reproduced by Windows Central, said: “While we’re excited about the foundational gameplay elements of the project, we’ve made the decision with studio leadership to rework certain aspects that are core to a BioShock game, and in doing so are reducing the size of the development team to focus on this work and give the game more time in development.” That describes a restructuring and an extended development period, not a cancellation. Read the report reproducing Ismailer’s statement.
Is GTA 6 affected by the layoffs?
The available announcements do not establish that GTA VI was canceled or otherwise affected by either event. The 2024 filing does not name the titles whose development was canceled, so it is not possible to say that GTA VI was among them.
Rank #2
- Category: Miscellaneous Compilation
- Content Rating: Graphic Violence, Drug Reference, Intense Violence, Sexual Content, Strong Language, Alcohol and Tobacco Use
- Origin: United States
Take-Two’s FY2026 results release lists Grand Theft Auto VI for PS5 and Xbox Series X|S on November 19, 2026. That is the publisher’s listed plan, not a guarantee; release schedules can change. The same lineup lists the next BioShock with its platform and release date TBA. See Take-Two’s FY2026 results and release lineup.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How the two sets of cuts differ
| April 2024 | August 2025 | |
|---|---|---|
| Scope | Take-Two company-wide cost-reduction plan | Cloud Chamber studio reorganization |
| Evidence and figure | SEC filing projected an approximately 5% workforce reduction; Reuters estimated around 600 employees at the time | Los Angeles Times reported more than 80 jobs cut, citing people familiar with the move |
| Project context | Filing estimated charges for title cancellations but did not name projects | 2K said BioShock would be reworked and given more development time |
The figures should not be added together to produce a total: the 2024 number was a projection, the 2025 count was reported separately, and the available evidence does not establish a final combined headcount or rule out overlap.
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- BioShock: The Collection contains all three games within this critically acclaimed franchise
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