TTWO - Grand Theft Auto Maker Take-Two Interactive To Slash 5% Workforce - What's Going On? | Benzinga
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) said it will eliminate headcount and reduce future hiring needs as a part of its cost reduction program.
The Grand Theft Auto maker said it is trying to identify efficiencies across its business and enhance the margin profile while still investing for growth, according to an exchange filing.
The company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the plan.
The company expects $40 ...