US games giant Take-Two is making layoffs at its Private Division publishing label, as well as in other parts of the company.

That's according to Bloomberg's Jason Schreier, who reported that the impact on development teams at the firm is "minimal." there's no word as to how many people are to be affected by these job cuts. 

This comes just weeks after Take-Two boss Strauss Zelnick said that layoffs might be a possibility after the company missed its targets for revenue and bookings in its third financial quarter.

"We can confirm that there have been targeted reductions in our US teams, primarily in corporate operations and label publishing, which will better align our organization with our long-term priorities," a Take-Two rep said.

"We continue to make strategic investments in our talent and technology to deliver our long-term pipeline, and the impact of these changes on our US development teams has been minimal.

"Outside of the US, we have begun procedures in compliance with local law that we anticipate may result in similar reductions. Take-Two has experienced exponential growth in recent years, and we are taking these necessary steps to position the company for another extended period of success.”