Update 2: While MCV's report of reductions has been confirmed with Take-Two, the outlet's specific numbers – 20% or approximately 400 people – have been characterized as "inaccurate" by TTWO. The company has "not disclosed any actual reduction numbers."
Original story: Maybe it's our fault. We had been talking to friends at the end of January, saying that the layoffs were finally over and that the ship had righted itself -- and as soon as we issued that obvious jinx, the firings start. The latest: MCV reports that according to "senior industry sources" Take-Two will be letting go of 20 percent of its global workforce, or around 400 people. [Take-Two denies this number. See Update 2 above.]
The latest cost-cutting move comes after the company sold its distribution arm, Jack of All Games, to mega-corp Synnex, and some of those layoffs were related to said sale. Take-Two's got some really good-looking games slated for 2010, so here's hoping it can turn this around and that all affected land on their feet.