Take Two Interactive Software layoffs, on the record
Every job cut, severance charge and restructuring Take Two Interactive Software reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 12,371 | March 31, 2024 |
| 10-K for 2025 | 12,928 | March 31, 2025 |
| 10-K for 2026 | 12,909 full-time employees | March 31, 2026 |
Job cuts, severance and restructuring
Our summaryCompany adopted a restructuring plan (the 2024 Plan) expected to be largely completed by December 31, 2024, with estimated total charges covering title cancellations, employee severance and employee-related costs, and office space reductions.
Word for word“The 2024 Plan is expected to be largely completed by December 31, 2024.” 10-K for 2024
Our summaryCompany estimated the charges for employee severance and employee-related costs under the 2024 Plan.
Word for word“We estimate that we will incur approximately $ 160.0 to $ 200.0 in total charges in connection with the 2024 Plan, which consists of approximately $ 120.0 to $ 140.0 related to title cancellations, $ 25.0 to $ 35.0 associated with employee severance and employee-related costs, and approximately $ 15.0 to $ 25.0 related to office space reductions.” 10-K for 2024
Our summaryCompany reported business reorganization expenses incurred in the fiscal years shown.
Word for word“We incurred business reorganization expenses of $ 104.6 , $ 14.6 , and $ 0.8 during the fiscal year ended March 31, 2024, 2023, and 2022, respectively.” 10-K for 2024
Our summaryThe company reports that it has had several rounds of layoffs in the recent past, tied to divestitures and other cost-optimization efforts.
Word for word“In connection with these divestitures and other cost-optimization efforts, we have experienced several rounds of layoffs in the recent past, which could negatively affect our reputation and our ability to recruit new employees in the future.” 10-K for 2025
Our summaryThe company lists a Change in Control Employee Severance Plan among its filed exhibits, without describing its terms in the text provided.
Word for word“Take-Two Interactive Software, Inc. Change in Control Employee Severance Plan +” 10-K for 2025
Our summaryThe company says that in connection with past divestitures and other cost-optimization efforts it has gone through several rounds of layoffs.
Word for word“In connection with these divestitures and other cost-optimization efforts, we have experienced several rounds of layoffs in the past, which could negatively affect our reputation and our ability to recruit new employees in the future.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-03-31 | $0 | $5.3 million |
| 2018-03-31 | $14.7 million | $3.9 million |
| 2019-03-31 | −$5 million | — |
| 2020-03-31 | $83,000 | — |
| 2021-03-31 | −$272,000 | — |
| 2022-03-31 | $800,000 | — |
| 2023-03-31 | $14.6 million | — |
| 2024-03-31 | $104.6 million | $1.9 million |
| 2025-03-31 | $106.5 million | $62.9 million |
| 2026-03-31 | −$4.4 million | — |
Take Two Interactive Software filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Take Two Interactive Software’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.