Take 2 to cut 20% of workforce

Barozi

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Barozi on 03 February 2010

bunch of gambling addicts....

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bmmb1 on 03 February 2010

jarrod said:
So did they blame the Wii?

Darn I was going to post that.

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Paul on 03 February 2010

bmmb1 said:

jarrod said:
So did they blame the Wii?

Darn I was going to post that.

Carnival games mini golf did fail. Hopefully they have more sucess with Carnival Games Petting Zooz.

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Slimebeast on 03 February 2010

NJ5 said:

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 impression is that they've lost money since way before 2006. Can u dig up the numbers NJ5?

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Slimebeast on 03 February 2010

jammy2211 said:
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.

What nasty stories?

I really hope Take 2 gets it's act together because they have an awesome library of upcoming games for us HD guys.

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NJ5 on 03 February 2010

Slimebeast said:

NJ5 said:

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 impression is that they've lost money since way before 2006. Can u dig up the numbers NJ5?

It doesn't seem so. I couldn't find 2005, but between 2001-2004 they only lost money in 2001, and it was very little:

(numbers are in thousands)

http://i46.tinypic.com/im5krm.jpg

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dsister44 on 03 February 2010

No one noticed which thread this was?

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c03n3nj0 on 03 February 2010

(off topic)

But, this is the 100,000th thread. :o

Ninja'd >_>

Tag (Courtesy of Fkusumot) "If I'm posting in this thread then it's probally a spam thread."

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Slimebeast on 03 February 2010

NJ5 said:

Slimebeast said:

NJ5 said:

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 impression is that they've lost money since way before 2006. Can u dig up the numbers NJ5?

It doesn't seem so. I couldn't find 2005, but between 2001-2004 they only lost money in 2001, and it was very little:

(numbers are in thousands)

http://i46.tinypic.com/im5krm.jpg

Oh. Possibly losing money since 2005 then. But 2002-04 they had actually a decent profit.