Mark Warren
100%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Conflicts of Interest
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Deceptions
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Recent Articles
Take-Two Interactive Announces Cost Reduction Program: 5% Workforce Layoffs, Project Cancellations Save $165M Yearly
Broke On: Tuesday, 16 April 2024Take-Two Interactive, with around 11,580 employees, announces a cost reduction program including layoffs and project cancellations affecting about 5% of its workforce or approximately 580 employees. The company aims to save over $165 million annually and incur up to $200 million in charges. This is the third such program since February 2023 for Take-Two, which reported net losses for seven consecutive quarters and is currently purchasing Gearbox for $460 million. The gaming industry has seen mass layoffs since 2023.