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Take-Two CEO Strauss Zelnick has said the company, publisher of Grand Theft Auto and Red Dead Redemption, has "no current plans" to layoff staff as it continues to pursue its cost reduction program.
Details of the cost reduction program were discussed by Zelnick during Take-Two's Q3 2024 financial report, which was released yesterday.
During the earnings call with investors, Zelnick said Take-Two is "currently working on a significant cost reduction program". A similar cost reduction program was announced by Take-Two in its third quarter report for 2023, which resulted in some layoffs last year.