Recently, there has been a new finance report by Take-Two, since the last video games have not presented the expected profits, including the long-awaited Marvels Midnight Suns.
And now there is talk that the company will carry out a lot of layoffs, this as part of a cost reduction program.
This is what they said, specifically the CEO of it:
In the light of the current context and the strong commitment of Take-Two with efficiency, the company is implementing a cost reduction program that is expected to generate more than $50 million of annual savings, which will begin to materialize in the fourth quarter of
His fiscal year 2023.
The program includes personnel, processes, infrastructure and other areas, and will focus mainly in corporate and editorial functions.
Given these statements, a clarification of Strauss Selznick was made:
We continue supporting and building our development teams, and where we have general expenses, we have to be very diligent when analyzing general expenses.
We do not expect any type of wide base force reduction.
We are department by department, and we try to boost efficiency
With these layoffs, the company joins some more such as Microsoft and Ubisoft, which are also doing their respective employee farewell.
Editor’s note: This was already done as a custom of the start of the year, and yes, it is likely to pass.
After all, it went wrong with GTA compilation recently, as well as Marvel’s bad reception in monetary issues.