2024-04-16 17:15:55 TTWO Take-Two
04/16/24 04/1617:15 04/16/2417:15 | Take-Two announces cost reduction plan, to reduce workfoce by 5%On April 16, the Board of Directors of Take-Two Interactive Software, approved a cost reduction program to identify efficiencies across its business and enhance the company's margin profile, while still investing for growth. As part of these efforts, the company is rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs. The company estimates that it will incur approximately $160M to $200M in total charges in connection with the Plan. The company expects $40M to $60M of the total charges to result in future cash expenditures. The total charge consists of approximately $120M to $140M related to title cancellations, approximately $25 M to $35M associated with employee severance and employee-related costs, and approximately $15M to $25M related to office space reductions. The Plan is expected to be largely complete by December 31 and will reduce the company's workforce by approximately 5%. The company expects to achieve over $165M of annual cost savings in connection with the Plan disclosed in Item 2.05 of this Current Report on Form 8-K. |
---|
Recommendations
|
Deutsche Bank price target lowered by EUR 0.50 at JPMorgan »
15:14
04/29/24
04/29
15:14
04/29/2415:14
DB
Deutsche Bank
JPMorgan lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
SKF AB price target raised by SEK 5 at JPMorgan »
15:14
04/29/24
04/29
15:14
04/29/2415:14
SKFRY
SKF AB
JPMorgan raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Sanofi price target raised by EUR 4 at JPMorgan »
15:13
04/29/24
04/29
15:13
04/29/2415:13
SNY
Sanofi
JPMorgan analyst Richard… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
NatWest Group price target raised by 20 GBp at JPMorgan »
15:13
04/29/24
04/29
15:13
04/29/2415:13
NWG
NatWest Group
JPMorgan raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
KGHM Polska price target raised by PLN 15 at JPMorgan »
15:13
04/29/24
04/29
15:13
04/29/2415:13
KGHPF
KGHM Polska
JPMorgan raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Safe Bulkers options imply 6.7% move in share price post-earnings »
15:11
04/29/24
04/29
15:11
04/29/2415:11
SB
Safe Bulkers
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
On The Fly
|
Fly Insider: Zura Bio, Google among week's notable insider trades »
15:10
04/29/24
04/29
15:10
04/29/2415:10
BHVN
Biohaven
EyePoint
Zura Bio
MasterCraft Boat
Abercrombie & Fitch
Greenbrier
Danaher
Alphabet
Welcome to "Fly… |
Recommendations
|
SKF AB price target raised by SEK 20 at RBC Capital »
15:07
04/29/24
04/29
15:07
04/29/2415:07
SKFRY
SKF AB
RBC Capital raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
NatWest Group price target raised by 15 GBp at RBC Capital »
15:07
04/29/24
04/29
15:07
04/29/2415:07
NWG
NatWest Group
RBC Capital raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Ipsen price target raised by EUR 2 at RBC Capital »
15:06
04/29/24
04/29
15:06
04/29/2415:06
IPSEY
Ipsen
RBC Capital analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Epiroc price target lowered by SEK 5 at RBC Capital »
15:06
04/29/24
04/29
15:06
04/29/2415:06
EPOKY
Epiroc
RBC Capital lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Endesa price target lowered by EUR 0.50 at RBC Capital »
15:05
04/29/24
04/29
15:05
04/29/2415:05
ELEZY
Endesa
RBC Capital lowered the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Deutsche Bank price target lowered by EUR 0.25 at RBC Capital »
15:04
04/29/24
04/29
15:04
04/29/2415:04
DB
Deutsche Bank
RBC Capital analyst Anke… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Barclays price target raised by 5 GBp at RBC Capital »
15:04
04/29/24
04/29
15:04
04/29/2415:04
BCS
Barclays
RBC Capital raised the… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Lattice Semiconductor options imply 8.7% move in share price post-earnings »
15:04
04/29/24
04/29
15:04
04/29/2415:04
LSCC
Lattice Semiconductor
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
SoFi Technologies at start of 'transition year,' says Wedbush »
15:03
04/29/24
04/29
15:03
04/29/2415:03
SOFI
SoFi Technologies
Wedbush notes SoFi… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Recommendations
|
Tornado impact adds uncertainty to Dollar Tree objectives, says Oppenheimer »
14:56
04/29/24
04/29
14:56
04/29/2414:56
DLTR
Dollar Tree
Oppenheimer analyst… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Caesars put volume heavy and directionally bearish »
14:55
04/29/24
04/29
14:55
04/29/2414:55
CZR
Caesars
Bearish flow noted in… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Chegg options imply 14.6% move in share price post-earnings »
14:49
04/29/24
04/29
14:49
04/29/2414:49
CHGG
Chegg
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
KULR Technology says orders 'pouring in' on KULR marketplace »
14:42
04/29/24
04/29
14:42
04/29/2414:42
KULR
KULR Technology
KULR Technology said in a… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
| |
Options
|
Logitech options imply 6.8% move in share price post-earnings »
14:34
04/29/24
04/29
14:34
04/29/2414:34
LOGI
Logitech
Pre-earnings options… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Hot Stocks
|
Janone Inc trading halted, volatility trading pause
14:32
04/29/24
04/29
14:32
04/29/2414:32
JAN
JanOne
|
Hot Stocks
|
DXL Big + Tall announces strategic collaboration with Nordstrom »
14:31
04/29/24
04/29
14:31
04/29/2414:31
DXLG
Destination XL
Nordstrom
Destination XL Group… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Options
|
Rocket Companies call volume above normal and directionally bullish »
14:25
04/29/24
04/29
14:25
04/29/2414:25
RKT
Rocket Companies
Bullish option flow… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |