Take-Two Interactive cuts 5% of workforce, shutters projects amid cost-cutting measures [TechSpot]

An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls “rationalizing its pipeline” and “streamlining its organizational structure,” to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million to…Read Entire Article