With a new board behind the company’s steering wheel, Grand Theft Auto publisher Take-Two decided to make a detour with their organizational structure. Gamespot reports that Take-two announced today the first details of their restructuring plan to maximize the company’s profits.
According to Gamespot, the restructuring would result into four primary aspects:
- To consolidate the company’s marketing, sales and operational functions based on what they do rather than where they are in order.
- Label and studio staff (human resources, legal, IT) would have to now report directly to the corporate level to increase accountability.
- Management, marketing, and business development operations of 2K Games and 2K Sports will be consolidated on the West Coast.
- The company’s third-party PC distribution business will be folded into its North American sales operations.
Unfortunately, employee layoffs will also be part of the restructuring. Company CEO Ben Feder said in a statement:
"While the decisions we are announcing today were difficult and will unfortunately require employee layoffs, we believe these necessary actions will improve the financial and operational performance of Take-Two, leading to greater value for our shareholders."
However, despite the major changes in the company, Grand Theft Auto IV was reconfirmed for an October 16 release by executives during a conference call. This announcement will nullify any previous speculations of the game being delayed this year. Feder said he expects Grand Theft Auto IV to have a ‘beneficial impact’ on Playstation 3 sales.
Another major company change, another set of employee lay-offs. It’s a cruel world out there, but at least we’ll get some GTA IV this year to release some tension…