Take-Two revenue up $14m, laying off 15% of execs
March 3rd, 2010 admin
Take-Two just released its fiscal 2010 Q1 financial report , dropping always thrilling financial news on us about the company’s performance between November 1, 2009 and January 31, 2010. Aside from a $13.8 million year-over-year increase in net revenue ($163.2 million this year over $149.4 million last year), Take-Two also reports a diminished net loss (again, year-over-year) to the tune of $20 million. Aside from those exciting highlights, the investor report additionally notes plans for “a targeted restructuring of its corporate departments,” resulting in a “15 percent reduction in corporate headcount.” More shocking, the “restructuring” (read: layoffs) will amount to “approximately $8 million in savings…
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