News
Take 2 studio layoffs predicted
Michael French Apr 4 2007, 5:30pm
Analyst AG Edwards thinks that Take 2's new board will initiate staff cutbacks at underperforming studios in order to get the publisher back on track.
The prediction, reported on Gamasutra, comes ahead of Take 2's April 10th conference call to discuss the future of the company. Last week, Take 2's shareholders elected a new board, ousting CEO Paul Eibler.
AG Edwards predicts the new execs will not only sell off Take 2's Jack of all Games distribution unit but also look at "lowering headcount (particularly at under-performing studios), evaluation of third party vendor relationships and real estate costs, and more stringent green light process."
The analyst also predicted that Take 2 will considerably up its Wii development.
Take 2 studios include the Rockstar Games family of studios (including North, Leeds, Lincoln, San Diego, Toronto and Vancouver), plus Australia's Irrational, Newcastle, UK-based Venom and American studio Firaxis.
