Take-Two Interactive plans to fire 5% of its workforce and cancel several games. This move will allow the company to reduce expenses, although it had promised not to cut staff back in February. These measures will enable the publisher to save about $160 million annually. It's still unclear whether the layoffs will affect GTA 6, although reports have stated that development is proceeding according to schedule. Previously, Take-Two acquired Gearbox Entertainment, known for the Borderlands series, for $460 million. According to the latest report, the GTA series has sold 420 million copies.