The company already had a similar plan last year, which resulted in massive staff reductions
Take Two Executive Director Strauss Zelnick announced the company's intentions to “significantly reduce the budgets of all its divisions,” but assured that there was no talk of layoffs . Not yet.
“Creativity, innovation and efficiency are at the core of our strategy. We are currently working on a program to significantly reduce costs across our business to maximize our profits while continuing to invest in growth.”.
“These measures are additional and more robust than our previous cost reduction program.”.
This “previous cost-cutting program” was implemented last year, affecting many employees of both Take Two itself and its publishing division Private Division.
(news cover source: Rockstar)