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Take-Two Restructuring May Lead To Layoffs
A few weeks ago we learned than 11,000 game-industry positions have been cut since 2008. If a report from MCV is true, Take-Two could be the next company to reduce its staff. Citing unnamed sources, the UK-based trade publication says that a restructuring effort within the company could leave 20 percent of its 2,000 workers worldwide without jobs. MCV says those cuts would be made across publishing and studio operations.
An update to the report includes word from Take-Two, which says that development positions are safe but that a corporate restructure is in progress. As mentioned in MCV’s report, one of Take-Two’s investors has increased his interest in the company to 12 percent of the firm’s stock and nominated new board members. Those maneuvers have sparked suspicion that he is attempting to position the company toward a sale.
This year sees the release of several high-profile titles from the publisher, including BioShock 2 and Red Dead Redemption. The company, which is parent to subsidiaries including Rockstar Games, Irrational Games and 2K games, has studios based in North America, Europe, Australia and Asia.
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