Take-Two Announces “Significant Cost Reduction” But Says It’s Not Layoffs
Take-Two has recently announced that it is working on a “significant cost reduction” but has assured the public that it won’t be laying off its employees for now.
The news comes from a Take-Two earnings report where the company had stated:
“We are currently working on a significant cost reduction program across our entire business to maximize our margins while still investing for growth. These measures are incremental to, and more robust than, our prior cost reduction program, and we aim to achieve greater operating leverage as we roll out our outstanding release schedule.”