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Take-Two is considering layoffs despite successful growth in 2022<\/title>\n<meta name=\"description\" content=\""Cost reduction program" it is.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No one's safe: Take-Two is considering layoffs despite successful growth in 2022\" \/>\n<meta property=\"og:description\" content=\""Cost reduction program" it is.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022\" \/>\n<meta property=\"og:site_name\" content=\"Dot Esports\" \/>\n<meta property=\"article:publisher\" 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Previously wrote news articles and guides for Gfinity Esports, Sportskeeda, Esports.net, and GINX Esports TV. Also a competitive Marvel Snap player under my in-game name: Davidwaaaa, a leaderboard Infinite player and joining multiple Snap tournaments. Sheesh. Let's get in touch: [email protected]\",\"url\":\"https:\/\/dotesports.com\/author\/davidgealogo\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"No one's safe: Take-Two is considering layoffs despite successful growth in 2022","description":"\"Cost reduction program\" it is.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022","og_locale":"en_US","og_type":"article","og_title":"No one's safe: Take-Two is considering layoffs despite successful growth in 2022","og_description":"\"Cost reduction program\" it is.","og_url":"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022","og_site_name":"Dot 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Gealogo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dotesports.com\/#\/schema\/person\/image\/4ddbefb707f1280756f81011bbf6402c","url":"https:\/\/secure.gravatar.com\/avatar\/697cd9f4f59c1a373c678671948d1bb8?s=96&d=mm&r=g&resize=96%2C96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/697cd9f4f59c1a373c678671948d1bb8?s=96&d=mm&r=g&resize=96%2C96","caption":"David Gealogo"},"description":"Strategic Content Writer for Dot Esports from the Philippines, mainly for Marvel Snap, Fortnite, card games, MOBA, battle-royale, general gaming, and more. Previously wrote news articles and guides for Gfinity Esports, Sportskeeda, Esports.net, and GINX Esports TV. Also a competitive Marvel Snap player under my in-game name: Davidwaaaa, a leaderboard Infinite player and joining multiple Snap tournaments. Sheesh. Let's get in touch: [email protected]","url":"https:\/\/dotesports.com\/author\/davidgealogo"}]}},"raw_content":"Despite the continued success of some of its major titles, Take-Two Interactive has seemingly indicated it will implement layoffs as part of its \u201ccost reduction program.\u201d The company mentioned the possible move as part of its latest financial results for the fiscal third quarter ending in December 2022. According to Take-Two, it plans to save up to $50 million, which could lead to layoffs in the future. \u201cIn light of the current backdrop and Take-Two\u2019s strong commitment to efficiency, the Company is implementing a cost reduction program expected to yield over $50 million of annual savings, which it will begin to realize in the fourth quarter of its Fiscal Year 2023,\u201d the company said. \u201cThe program includes personnel, processes, infrastructure, and other areas, and will primarily focus on corporate and publishing functions.\u201d The cost reduction program may mean layoffs, but Take-Two CEO Strauss Zelnick spoke with GamesIndustry.biz and clarified the company doesn\u2019t have a \u201cbroad-based reduction\u201d plan for its employees. \u201cWe continue to support and build our development teams, and where we have overhead, we have to be very diligent about looking at the overhead,\u201d Zelnick said. \u201cWe don\u2019t expect any kind of broad-based reduction in force. We are going department by department and trying to drive efficiency.\u201d The possibility of releasing some of Take-Two\u2019s personnel comes after the recent feat achieved by two of its major games, namely Red Dead Redemption 2 and Grand Theft Auto V. Take-Two announced that the former has sold over 50 million copies, as well as being the third best-selling game on Steam last year. The latter, on the other hand, has now sold over 175 million units.","apple_news_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/dotesports.com\/wp-content\/uploads\/2019\/04\/26094006\/gta-dog.png","_links":{"self":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099"}],"collection":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/users\/2091"}],"replies":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/comments?post=793099"}],"version-history":[{"count":2,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099\/revisions"}],"predecessor-version":[{"id":793105,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099\/revisions\/793105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media\/125256"}],"wp:attachment":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media?parent=793099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/categories?post=793099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/tags?post=793099"},{"taxonomy":"invoiceable_action","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/invoiceable_action?post=793099"},{"taxonomy":"internal-label","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/internal-label?post=793099"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/article_type?post=793099"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/coauthors?post=793099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":793099,"date":"2023-02-07T00:03:04","date_gmt":"2023-02-07T05:03:04","guid":{"rendered":"https:\/\/dotesports.com\/?p=793099"},"modified":"2023-02-07T00:03:07","modified_gmt":"2023-02-07T05:03:07","slug":"no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022","status":"publish","type":"post","link":"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022","title":{"rendered":"No one’s safe: Take-Two is considering layoffs despite successful growth in 2022"},"content":{"rendered":"

Despite the continued success of some of its major titles, Take-Two Interactive has seemingly indicated it will implement layoffs as part of its \u201ccost reduction program.\u201d<\/p>

The company mentioned the possible move as part of its latest financial results for the fiscal third quarter ending in December 2022. According to Take-Two, it plans to save up to $50 million, which could lead to layoffs in the future.<\/p>

\u201cIn light of the current backdrop and Take-Two\u2019s strong commitment to efficiency, the Company is implementing a cost reduction program expected to yield over $50 million of annual savings, which it will begin to realize in the fourth quarter of its Fiscal Year 2023,\u201d the company said. \u201cThe program includes personnel, processes, infrastructure, and other areas, and will primarily focus on corporate and publishing functions.\u201d<\/p>

The cost reduction program may mean layoffs, but Take-Two CEO Strauss Zelnick spoke with GamesIndustry.biz<\/a> and clarified the company doesn\u2019t have a \u201cbroad-based reduction\u201d plan for its employees.<\/p>

\u201cWe continue to support and build our development teams, and where we have overhead, we have to be very diligent about looking at the overhead,\u201d Zelnick said. \u201cWe don\u2019t expect any kind of broad-based reduction in force. We are going department by department and trying to drive efficiency.\u201d<\/p>

The possibility of releasing some of Take-Two\u2019s personnel comes after the recent feat achieved by two of its major games, namely Red Dead Redemption 2<\/em> and Grand Theft Auto V<\/em>. Take-Two announced that the former has sold over 50 million copies, as well as being the third best-selling game on Steam last year. <\/p>

The latter, on the other hand, has now sold over 175 million units.<\/p>","protected":false},"excerpt":{"rendered":"

“Cost reduction program” it is. <\/p>\n","protected":false},"author":2091,"featured_media":125256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"gamurs_wordpress_blocks_hide_tags":true,"_is_affiliated":false,"dotesports_deal_href":"","dotesports_featured_video":"","_notify_users":1,"apple_news_api_created_at":"2023-02-07T05:05:07Z","apple_news_api_id":"056174c5-cc77-4159-a12d-65854eeec0da","apple_news_api_modified_at":"2023-02-07T05:05:07Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/ABWF0xcx3QVmhLWWFTu7A2g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[43952],"invoiceable_action":[],"internal-label":[46551],"article_type":[44125],"coauthors":[{"id":2091,"display_name":"David Gealogo","user_login":"davidgealogo","user_nicename":"davidgealogo"}],"class_list":["post-793099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-hide-from-homepage","internal-label-gaming","article_type-news"],"acf":[],"yoast_head":"\nNo one's safe: Take-Two is considering layoffs despite successful growth in 2022<\/title>\n<meta name=\"description\" content=\""Cost reduction program" it is.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dotesports.com\/general\/news\/no-ones-safe-take-two-is-considering-layoffs-despite-successful-growth-in-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No one's safe: Take-Two is considering layoffs despite successful growth in 2022\" \/>\n<meta property=\"og:description\" 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Previously wrote news articles and guides for Gfinity Esports, Sportskeeda, Esports.net, and GINX Esports TV. Also a competitive Marvel Snap player under my in-game name: Davidwaaaa, a leaderboard Infinite player and joining multiple Snap tournaments. Sheesh. Let's get in touch: dgealogo@gmail.com","url":"https:\/\/dotesports.com\/author\/davidgealogo"}]}},"raw_content":"Despite the continued success of some of its major titles, Take-Two Interactive has seemingly indicated it will implement layoffs as part of its \u201ccost reduction program.\u201d The company mentioned the possible move as part of its latest financial results for the fiscal third quarter ending in December 2022. According to Take-Two, it plans to save up to $50 million, which could lead to layoffs in the future. \u201cIn light of the current backdrop and Take-Two\u2019s strong commitment to efficiency, the Company is implementing a cost reduction program expected to yield over $50 million of annual savings, which it will begin to realize in the fourth quarter of its Fiscal Year 2023,\u201d the company said. \u201cThe program includes personnel, processes, infrastructure, and other areas, and will primarily focus on corporate and publishing functions.\u201d The cost reduction program may mean layoffs, but Take-Two CEO Strauss Zelnick spoke with GamesIndustry.biz and clarified the company doesn\u2019t have a \u201cbroad-based reduction\u201d plan for its employees. \u201cWe continue to support and build our development teams, and where we have overhead, we have to be very diligent about looking at the overhead,\u201d Zelnick said. \u201cWe don\u2019t expect any kind of broad-based reduction in force. We are going department by department and trying to drive efficiency.\u201d The possibility of releasing some of Take-Two\u2019s personnel comes after the recent feat achieved by two of its major games, namely Red Dead Redemption 2 and Grand Theft Auto V. Take-Two announced that the former has sold over 50 million copies, as well as being the third best-selling game on Steam last year. The latter, on the other hand, has now sold over 175 million units.","apple_news_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/dotesports.com\/wp-content\/uploads\/2019\/04\/26094006\/gta-dog.png","_links":{"self":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099"}],"collection":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/users\/2091"}],"replies":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/comments?post=793099"}],"version-history":[{"count":2,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099\/revisions"}],"predecessor-version":[{"id":793105,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/posts\/793099\/revisions\/793105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media\/125256"}],"wp:attachment":[{"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/media?parent=793099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/categories?post=793099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/tags?post=793099"},{"taxonomy":"invoiceable_action","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/invoiceable_action?post=793099"},{"taxonomy":"internal-label","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/internal-label?post=793099"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/article_type?post=793099"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dotesports.com\/wp-json\/wp\/v2\/coauthors?post=793099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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