{"id":2422845,"date":"2023-03-07T15:59:07","date_gmt":"2023-03-07T20:59:07","guid":{"rendered":"https:\/\/xlera8.com\/private-division-label-of-take-two-experiences-layoffs-following-difficult-third-quarter\/"},"modified":"2023-03-19T16:48:19","modified_gmt":"2023-03-19T20:48:19","slug":"private-division-label-of-take-two-experiences-layoffs-following-difficult-third-quarter","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/private-division-label-of-take-two-experiences-layoffs-following-difficult-third-quarter\/","title":{"rendered":"Private Division Label of Take-Two Experiences Layoffs Following Difficult Third Quarter"},"content":{"rendered":"<p>The video game industry has been hit hard in 2020 due to the economic downturn caused by the COVID-19 pandemic. Take-Two Interactive, one of the largest video game publishers in the world, recently announced layoffs at its Private Division label following a difficult third quarter. <\/p>\n<p>Private Division is a subsidiary of Take-Two that specializes in publishing independent video games. The label was founded in 2017 and has since published several successful titles, including Kerbal Space Program, The Outer Worlds, and Ancestors: The Humankind Odyssey. <\/p>\n<p>Unfortunately, the pandemic has had a major impact on the video game industry. Take-Two reported a net loss of $9 million in its third quarter, which ended on June 30th. As a result, the company announced layoffs at Private Division. <\/p>\n<p>The layoffs were reportedly limited to the label&#8217;s marketing and publishing teams, with no developers affected. Take-Two CEO Strauss Zelnick said that the layoffs were necessary to ensure the company&#8217;s long-term success. <\/p>\n<p>Despite the layoffs, Private Division remains committed to publishing independent games. The label recently announced that it will be publishing two new titles in 2021: Disintegration and The Ascent. Both games are expected to be released on multiple platforms, including PC, Xbox One, and PlayStation 4. <\/p>\n<p>The video game industry has been hit hard by the pandemic, but Take-Two is confident that it can weather the storm. The company is continuing to invest in its Private Division label and is looking forward to a brighter future in 2021.<\/p>\n<ul class=\"plato-post-bottom-links\">\n<li class=\"plato-post-bottom-link-amplifi\">SEO Powered Content &amp; PR Distribution. <a href=\"https:\/\/www.amplifipr.com\" target=\"_blank\" rel=\"noopener\">Get Amplified Today.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platoblockchain\">Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. <a href=\"https:\/\/platoblockchain.com\" target=\"_blank\" rel=\"noopener\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-source\"><span>Source: Plato Data Intelligence:<\/span> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoaistream.com\">PlatoAiStream<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The video game industry has been hit hard in 2020 due to the economic downturn caused by the COVID-19 pandemic. Take-Two Interactive, one of the largest video game publishers in the world, recently announced layoffs at its Private Division label following a difficult third quarter. Private Division is a subsidiary of Take-Two that specializes in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2527033,"menu_order":0,"template":"","format":"standard","meta":[],"aiwire-tag":[2441,436,676,3378,364,11,18,343,20,21,790,23,368,27,8618,444,29,219,964,966,972,222,2017,320,5170,3390,5483,5484,989,39,654,802,4317,687,1195,15456,235,2195,4155,2671,1016,240,54,1628,24558,4874,811,1639,13799,168,57,389,1033,58,4560,1235,60,61,62,2818,9668,1750,2089,2227,818,3164,252,2824,177,1344,1659,616,17287,697,1531,179,23783,75,78,183,21738,79,2241,24211,332,5,10,7,8,24175,24176,265,24561,490,1273,5881,4126,2106,356,1938,93,1278,773,496,1112,1285,1701,100,5604,2123,4483,101,102,711,24564,24565,105,2289,108,109,24577,24204,360,1127,11417,5892,111,115,515,1866,5798,5799,846,9,122,124,125,362,1740,24142,24143,6],"aiwire":[383],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2422845"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2422845\/revisions"}],"predecessor-version":[{"id":2518762,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2422845\/revisions\/2518762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527033"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2422845"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2422845"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2422845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}