Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Take-Two (TTWO) just unveiled an update.
Take-Two Interactive Software, Inc. is launching a cost reduction program aimed at enhancing its margin profile through increased efficiencies. The initiative will streamline operations, including project cancellations and workforce reductions, leading to an estimated $160 million to $200 million in charges, with significant annual savings expected. The plan, which should be in full effect by the end of 2024, will reduce the company’s workforce by 5% but promises over $165 million in yearly cost savings.
See more data about TTWO stock on TipRanks’ Stock Analysis page.
