Take-Two has denied studio layoffs reported by MCV, where they had a speculative story saying up to 20% of the company's 2,000 employees might be facing the axe. A subsequent report has denials from Take-Two that significant cuts are planned, saying: "To be clear, there were no reductions made at the studio level." They do say they have plans for a restructuring: "As part of Take-Two’s stated goal to maximize the efficiency of our business, we initiated a targeted restructuring of our corporate departments only in order to better align our resources with our current goals. "Some of these changes were associated with the pending sale of our Jack of All Games distribution business."