Grand Theft Auto and Borderlands publisher Take-Two has confirmed reports of layoffs at the company, calling the job losses "necessary steps" as it seeks to "position the company for another extended period success."
Reports of layoffs at Take-Two first surfaced via Bloomberg's Jason Schreier, who claimed the move would impact employees at Take-Two's Private Division - the publishing label behind the likes of OlliOlli World and Kerbal Space Program - and other unspecified parts of the company.
Take-Two acknowledged it had laid off staff - but did not confirm affected divisions or the number of employees impacted - in a statement provided to PC Gamer, saying it had made "targeted reductions in our US teams, primarily in corporate operations and label publishing" that would have an "minimal" impact on its US development studios.