Take-Two Interactive Software, Inc. is an American video game holding company, founded in 1993 and headquartered in New York City. The company’s portfolio consists of games like Grand Theft Auto, Mafia, NBA 2K, etc.
According to reports, Take-Two has announced plans to lay off 579 employees, which amounts to 5% of its workforce, as a result of a cost-reduction initiative aimed at saving the company over $165 million USD yearly.
The report further mentions that it is cutting several ongoing projects and restructuring its organizational structure for long-term growth.
