Take-Two CEO on Intercept, Roll7: 'We Didn't Shutter Those Studios' - IGN

That is true for every stage of capitalism. What is worse in the late stage is that growth and profit don't have to correlate anymore

But Intercept had neither growth not profits

That is the correct expression, but for whatever reason it has almost entirely fallen out of common parlance in favour of the reverse

No. Your way makes just as much sense, but that’s not the saying.

Creditors eventually come knocking. Paying interest on a lot of debt is a lot more expensive than just closing the business.

Wonder if we can get Wall Street bets to do a reverse GameStop on them?

Yet the stock ends the day higher then it was before the earnings lmao

they arent shuttering the studio, they're firing everyone and leaving the name on the ledger in case they need to shift losses later.

No one is ever going to clarify. People on the Discord were begging Dakota to make a statement and he said he passed that along. Since then, he's been posting squidward homeless beggar memes on twitter.

Lets all just take this for the closure. It's the best we're going to get. It's finally over.

They're leaving the 'bad news' up to the KSP2 team, who is still not saying anything.

Let's hope they're just waiting for their last paycheck to clear before they go scorched Earth on T2.

Nope. Check the EULA for early access. None of us who bought it are entitled to a finished product. It's good to protect independent devs with innovative projects, and in this case it's abused by a big publisher to prevent refunds and lawsuits. But it's legal.

You seem to be ignoring the bulk of that video. I don't blame you, as there are a couple places where the video presents things in a way that makes it feel like there might be some 'hope' for KSP2 when there isn't any.

But the very basic fact is that the WARN Act applies when a large number of people at a singular physical location will be laid off. And in this case, it's specifically because of a building closure.

There will be no office space. That much is verified information according to the WARN notice. Much like how it's verified information that 70 people who work in that space will no longer be employed.

Here's some ways where the video slips up and offers you hope when it shouldn't be doing so:

He covers the fact that they're laying off 70 employees in Seattle, that the credits for KSP2 feature 76 people (I counted 79 listed under Intercept Games, but I was very careless in how I counted, so lets assume 76 is accurate), and that a few of those 76 people don't work in Seattle.¹

But then brings up that someone under the Private Division label is Tweeting out that they're laid off, and somehow this makes the WARN notice not a "smoking gun". (And ignores (or came out before?) several other verified Tweets from IG employees about being out of work now or soon.)

How does this make it not a smoking gun? Hard to say, really.

70 people are losing their jobs. The entire studio is 76 people, at best. In what scenario does the studio continue to work on KSP2 in a meaningful way when 70 of 76 people are out of jobs? In what way is this not a smoking gun?

Later in the video he presents "Scenario 2" where the building is being shut down but parts of the team continue to work on KSP2 inside PD itself or some other "container". Which is very hard to believe might happen, IMO.

Worst case scenario (where we maximize IG losses)? Seven people don't work in Seattle and so don't have to be reported, 69 people do, and do have to be reported, all 76 people in IG are losing their jobs, and the additional person losing their job that has to be reported is the one person from PD that works in Seattle that Tweeted out that they've been laid off, but the seven who aren't in Seattle don't have to be reported, even though they're still out of a job. And somehow PD either doesn't have any more employees in Seattle, or they're going to keep an office in Seattle for no damn reason. Or they're all accepting transfers elsewhere.

In a "better" (more zombie like) scenario? Maybe there are a few people from IG who will remain employed by being transferred elsewhere (which is an option a company can offer, and if you accept you aren't reported as part of the layoff), but that doesn't mean they'll remain employed at IG, PD, or on the KSP2 project. They could work for any company under the Take-Two banner, including Rockstar and working on GTA6. (Honestly, I wouldn't be shocked if they kept a few bug fixers around (possibly remotely) for a few more months before laying them off, too.)

The likely scenario is that many IG people are out of work, anyone that supports them in Seattle from Private Division are either out of work or have to transfer to another location, and anyone who isn't out of work at IG is being transferred to an entirely different team to work on an entirely different project OR might still have a job for a few more months to patch any remaining bugs after the last update, before they also lose their jobs.

And no matter what, enough people are losing their jobs that active development on KSP2 is over and done with.

Most of the video is far better, basically being very clear about how it doesn't look good, and that it looks like he needs to find a different game to cover. You don't say those things if you think there's a future for KSP2.

¹In terms of people employed at Private Division, which "is headquartered in New York City with offices in Seattle, Las Vegas, Munich, and Singapore," I stopped counting after 100 names.

Nah even their PR and marketting people are leaving. Not sure if all of them got fired or they just know the ship is sinking.

Of course not.

They would have loved to coast for more years getting paid top salaries while doing fuck all. Too bad there's this pesky thing called reality and you won't just get infinite money.