Take-Two Interactive's Q3 Results: No Layoffs Planned Despite Cost-Cutting Measures
Take-Two CEO Strauss Zelnick announced a cost reduction program during the company's Q3 2024 financial report, stating that there are currently no plans for staff layoffs. The program aims to address marketing expenses and other areas, with Zelnick emphasizing that the company is focused on efficiency and moderate investments to avoid mass layoffs. This comes after a similar program last year resulted in some layoffs at Take-Two subsidiaries. The company is also facing a lawsuit regarding virtual currencies in its online games, to which it responded by calling them "fictions created by game publishers".
