‘Rockstar Games' and ‘2k' Parent Company To Cut 5% of Global Workforce [Yahoo! Finance]
Take-Two Interactive Software, Inc. (TTWO)
Last take-two interactive software, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
Take-Two Interactive , the holding company that owns Rockstar Games and 2k , has announced that it'll be laying off 5% of its staff as part of a cost reduction plan. The company submitted a filing with the US Securities and Exchange Commission, detailing a plan that would likely cost it between $160 million USD and $200 million USD. Between $40 million USD and $60 million USD was expected to go towards “future cash expenditures,” while $120 million USD to $140 million USD was anticipated to cost it from game cancellations. Additional tens of millions will stem from employee layoffs and severances, as well as the closure of office spaces. As for the layoffs, Take-Two says its plan will be carried out to completion by December 31, so job cuts for the 5% affected – approximately 600 employees – will likely come in waves throughout the year. Prior to announcing the plan, Take-Two's CEO and president both sold off a cumulative $13 million USD of their stock as part of a securities tra
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News
- Is Take-Two Interactive Stock Going to $185? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- "RALLY ON" in TopSpin® 2K25 Now Available Worldwide [Yahoo! Finance]Yahoo! Finance
- “RALLY ON” in TopSpin® 2K25 Now Available WorldwideBusiness Wire
- NFL, NFLPA and 2K Announce Launch of NFL 2K Playmakers Mobile GameBusiness Wire
- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $185.00 price target on the stock.MarketBeat
TTWO
Earnings
- 2/8/24 - Miss
TTWO
Sec Filings
- 4/16/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- TTWO's page on the SEC website