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konnichiwa said:

No games, devices or experiences are being cancelled and no studios are being closed as part of these adjustments today.

What about after today?

Hah. Gaming industry has another ~1 year of layoffs in it at least, so he's covering his ass by saying "today" in case any future layoffs happen, I don't think things will look good until around GTA 6s release and that's putting a huge amount of stupid pressure on Rockstar. Until then the industry, investors, shareholders, etc. Will be pissing their pants.

Only Nintendo has their shit sorted out *knock on wood*