Overview

• Take-Two announced a $165 million cost reduction plan impacting 5% of its workforce.
• Reports suggested Roll7 and Intercept Games were closed, but Zelnick insists they remain operational.
• Confusion persists as Take-Two's PR offers limited clarification on studio statuses.
• Past incidents show Take-Two has previously not acknowledged studio closures publicly.
• The fate of the studios and their employees remains uncertain.