Take-Two announced in February that it would put in place a cost-cutting plan, and part of that effort includes laying off employees across departments and divisions.
According to Jason Schreyer, the first wave of layoffs affected several departments, but focused particularly on the private division. This is a department responsible for supporting independent partners.
Schreyer says the cuts have been made in Take-Two’s special division and other administrative units, which the company says align the organization with long-term priorities. In addition, it is stated that the impact on the teams developing the games was minimal.
The special division is responsible for supporting and releasing games such as the Kerbal Space Program franchise, The Outer Worlds, and OlliOlli World. It is currently supporting new projects being developed by Moon Studios, Evening Star and Yellow Brick Games.
Take-Two insists it will not focus on development studios in managing its workforce.
Take-Two, the video game publisher, is laying off people today at its Private Division label and other divisions, sources told Bloomberg. Spokesman Alan Lewis says the cuts will “better align our organization with our long-term priorities” and that the impact on development teams is “minimal”.
– Jason Schreier (@jasonschreier) March 7, 2023
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