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Take-Two Interactive plans to lay off 5 percent of its workforce, or about 600 employees, by the end of the year, as reported in an SEC filing Tuesday. The studio is also canceling several in-development projects. These moves are expected to cost $160 million to $200 million to implement, and should result in $165 million in annual savings for Take-Two. As the publisher of Grand Theft Auto and the parent company behind Rockstar Games, 2K, Private Division, Zynga and Gearbox, Take-Two is a juggernaut in the video game industry. It reported $5.3 billion in revenue in 2023, a nearly $2 billion increase over the previous year. Just a few weeks ago, Take-Two agreed to purchase Gearbox, the studio responsible for Borderlands, for $460 million. The company is preparing to release Grand Theft Auto VI in 2025, a move that should bring in billions on its own. Take-Two instituted a round of layoffs in 2023 across Private Division the indie label behind Kerbal Space Program, The Outer Worlds and Rollerdrome and other in-house studios. An estimated 8,800 people in the video game industry have lost their jobs in 2024 so far, and a total of 10,500 industry employees were laid off in 2023. These are, depressingly, record-breaking figures. Sony in February laid off about 900 people at PlayStation; Microsoft fired about 1,900 workers across its gaming division in January; Riot Games let go more than 500 people that same month and these are just some of the industry's most recent and largest layoffs. Take-Two is now at the head of this list. Take-Two executives have been hinting at a "significant cost reduction program" coming this year, but before today, they deflected questions about mass layoffs. In March, CEO Strauss Zelnick said on an investor call, "The hardest thing to do is to lay off colleagues and we have no current plans."This article originally appeared on Engadget at https://www.engadget.com/take-two-plans-to-lay-off-5-percent-of-its-employees-by-the-end-of-2024-235903990.html?src=rss
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Spotted by: Liesbeth den Toom
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On March 8, a piece of space debris plunged through a roof in Naples, FL, ripped through two floors and (fortunately) missed the son of homeowner Alejandro Otero. On Tuesday, NASA confirmed the results of its analysis of the incident. As suspected, its a piece of equipment dumped from the International Space Station (ISS) three years ago. NASAs investigation of the object at Kennedy Space Center in Cape Canaveral confirmed it was a piece of the EP-9 support equipment used to mount batteries onto a cargo pallet, which the ISS robotic arm dropped on March 11, 2021. The haul, made up of discarded nickel-hydrogen batteries, was expected to orbit Earth between two to four years (it split the difference, lasting almost exactly three) before burning up harmlessly in the atmosphere, as NASA predicted at the time. Not quite. The roof-piercing debris was described as a stanchion from NASA flight support equipment used to mount the batteries onto the cargo pallet. Made of the metal alloy Inconel, the object weighs 1.6 lbs and measures 4 inches tall and 1.6 inches in diameter. Hello. Looks like one of those pieces missed Ft Myers and landed in my house in Naples. Tore through the roof and went thru 2 floors. Almost his my son. Can you please assist with getting NASA to connect with me? Ive left messages and emails without a response. pic.twitter.com/Yi29f3EwyV Alejandro Otero (@Alejandro0tero) March 15, 2024 Otero told Fort Meyers CBS affiliate WINK-TV that he was on vacation when his son told him that an object had pierced their roof. I was shaking, he said. I was completely in disbelief. What are the chances of something landing on my house with such force to cause so much damage. Im super grateful that nobody got hurt. NASA says it will investigate the equipment dumps jettison and re-entry to try to figure out why the object slammed into Oteros home instead of disintegrating into flames. NASA specialists use engineering models to estimate how objects heat up and break apart during atmospheric re-entry, the space agency explained in a news release. These models require detailed input parameters and are regularly updated when debris is found to have survived atmospheric re-entry to the ground. Most space junk moves extremely fast, reaching up to 18,000 mph, according to NASA. It explains, Due to the rate of speed and volume of debris in LEO, current and future space-based services, explorations, and operations pose a safety risk to people and property in space and on Earth.This article originally appeared on Engadget at https://www.engadget.com/nasa-confirms-its-space-trash-pierced-florida-mans-roof-204056957.html?src=rss
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