The company’s VP of Corporate Affairs, Alan Lewis, denied the rumor but said a corporate restructuring is underway, according to Business Insider.
That leaves open the issue of what the difference between a restructuring and lay-offs is and how many people Take-Two will fire. MCV owes TTWO an apology if nothing happens.
Douglas A. McIntyre
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MCV, the games business site, reports that Take-Two Interactive (NASDAQ:TTWO) will lay-off 400 people, or 20% of its work force.