Read from VGC:
Take-Two was planning to drastically cut costs across the business.
“Our strategy is anchored in creativity, innovation, and efficiency,” Zelnick said. “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.”
However, speaking to IGN, Zelnick was asked if this new cost reduction program would also involve layoffs, as has been continuing to happen across the industry.
Zelnick replied that while the details of the program had still not been fully figured out – saying “we haven’t put any meat on the bones of that yet” – layoffs currently aren’t on the cards.
Take-Two was planning to drastically cut costs across the business.
“Our strategy is anchored in creativity, innovation, and efficiency,” Zelnick said. “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.”
However, speaking to IGN, Zelnick was asked if this new cost reduction program would also involve layoffs, as has been continuing to happen across the industry.
Zelnick replied that while the details of the program had still not been fully figured out – saying “we haven’t put any meat on the bones of that yet” – layoffs currently aren’t on the cards.
