April 16 (Reuters) - Take-Two Interactive Software ( TTWO )

will lay off about 5% of its workforce, the publisher

of the "Grand Theft Auto" franchise said on Tuesday, as the

gaming industry extends its job cuts from the past two years

into 2024.

The company said it would also scrap several projects that

are in development as part of a cost-reduction plan, which is

expected to lead to total charges of $160 million to $200

million.

The plan is expected to be largely complete by Dec. 31,

2024, it added.