Take-Two Layoffs 2024: What to Know About the Latest TTWO Job Cuts

Take-Two Interactive (NASDAQ:TTWO) is scaling back operations, starting with job cuts. The company behind the Grand Theft Auto franchise is battling a difficult economic landscape. As of this writing, TTWO stock is down almost 10% year-to-date (YTD).The incoming changes at Take-Two include multiple canceled projects and a 5% workforce reduction. This means that 579 workers will be impacted by the Take-Two layoffs. Still, while shares are down today on the news, investors should focus on the bigger picture. ...