Take-Two is laying off some employees at its Private Division label and across other divisions of the company, Bloomberg's Jason Schreier reported today.
A company spokesperson confirmed the news for GamesIndustry.biz, saying, "We can confirm that there have been targeted reductions in our US teams, primarily in corporate operations and label publishing, which will better align our organization with our long-term priorities. We continue to make strategic investments in our talent and technology to deliver our long-term pipeline, and the impact of these changes on our US development teams has been minimal.
"Outside of the US, we have begun procedures in compliance with local law that we anticipate may result in similar reductions. Take-Two has experienced exponential growth in recent years, and we are taking these necessary steps to position the company for another extended period of success.”