Take-Two cutting staff by 20%

February 3, 2010 by Ivan Cronyn  
Filed under Nintendo, PC, Playstation, Xbox

Reports are coming out that according to “senior industry sources” Take-Two plans to let go of 20% of its global workforce, or around 400 people. Cuts will come from both studio and publishing operations.

The latest cost-cutting move comes after the company sold its distribution arm, Jack of All Games, to Synnex. Not good news for anyone, and it remains to be seen whether this will impact any games releases.