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Forums - Sales Discussion - Take 2 to cut 20% of workforce

I wonder if some analyst is going to make another "Recession Proof" article

Up to 400 Take-Two staff could end up being laid off by the publisher.

According to MCV sources the games giant has to make some tough decisions as it prepares a restructuring effort that would improve the company's finances.

20 per cent of its 2,000-strong global workforce would face the axe under the plans.

MCV understands that cuts will be made across both its publishing and studio operations - and we have already heard word that one or two staff at some divisions have already been made redundant.

It has 14 studios, including six run by subsidiary Rockstar Games, based in the UK, USA, Australia and China. Take-Two also has three QA studios and sales and marketing teams dotted across North America, Europe and Australasia.

http://www.mcvuk.com/news/37419/Take-Two-to-drop-20-of-global-workforce



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That's just horrible, i think Take 2 could improve on their management.



 

   PROUD MEMBER OF THE PLAYSTATION 3 : RPG FAN CLUB

 

They needed to "trim the fat" for a while now anyways..........



Leatherhat on July 6th, 2012 3pm. Vita sales:"3 mil for COD 2 mil for AC. Maybe more. "  thehusbo on July 6th, 2012 5pm. Vita sales:"5 mil for COD 2.2 mil for AC."

It's not because of the recession. They've been losing money since at least 2006 (I don't have the data for earlier fiscal years at hand).

Since that year, the only time they made a profit was in 2008 (GTA4 of course), but that profit wasn't enough to cover any of the losses in 2006/2007/2009, let alone the three together.

http://www.google.com/finance?q=NASDAQ:TTWO&fstype=ii

 



My Mario Kart Wii friend code: 2707-1866-0957

Worst management.

Ever.



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They got way to big without the management to cope. Every studio's management is a ****ing joke, you only need to look at the constant delays to Mafia 2, Max Payne 3, Red Dead Redemption, Bioshock 1 / 2, L.A. Noire and GTAV*.

If the rumours about L.A.Noire are true then it's incredible what a mess they got into with that game, nasty storys coming from the San Diego / Mafia 2 studios too :/.

*I assume this is the unannounced AAA game delayed from 2010 to 2011.



So did they blame the Wii?



Considering the stories I've heard about their mismanagement (e.g. needing $100 million to break even on Red Dead Redemption, posting losses in spite of GTAIV, etc), I'll be surprised if Take Two survives long enough to put out another Grand Theft Auto game.



Super World Cup Fighter II: Championship 2010 Edition

jarrod said:
So did they blame the Wii?


Just you wait :)



If it isn't turnbased it isn't worth playing   (mostly)

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For Thee, my Lord, for Thee. Power hath descended forth from Thy hand, That our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee And teeming with souls shall it ever be. In Nomine Patris, et Filii, et Spiritūs Sancti. -----The Boondock Saints

I wouldn't be surprised if the management give themselves a pay increase for all their good work.



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