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Take-Two lay-offs are corporate only, says firm

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Take-Two has responded to reports this morning over lay-offs within the company, and turns out, it's happening at the corporate level only.

While not making any significant cuts in the suit level, T2 denies that any cuts were being made on the studio end.

"As part of Take-Two’s stated goal to maximize the efficiency of our business, we initiated a targeted restructuring of our corporate departments only in order to better align our resources with our current goals," read a statement given to MCV.

"Some of these changes were associated with the pending sale of our Jack of All Games distribution business.

"To be clear, there were no reductions made at the studio level.”

It was reported earlier today that Take-Two was cutting 20 percent of the workforce, and rumor had it that 400 people were to be let go which included cuts at Rockstar UK.

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Stephany Nunneley-Jackson

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Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

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