Take-Two Cutting 20% Of Global Workforce.

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. Cuts will reportedly come from both studio and publishing operations.

The latest cost-cutting move comes after the company sold its distribution arm, Jack of All Games, to mega-corp Synnex. 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.

Source MCV via Joystiq