'GTA 6' publisher lays off 5 percent of workforce, cancels games

Grand Theft Auto IV publisher Take-Two Interactive has revealed plans to lay off five percent of its workforce by the end of the year, as well as cancel several projects currently in development. The games industry layoffs keep coming, and they don't stop coming. 

The decisions were revealed on Tuesday in a Securities and Exchange Commission filing which briefly outlined Take-Two's "cost reduction program." The company expects its plan to save it $165 million per annum and "enhance the Company’s...