Report - Take Two to drop 20% of global workforce [Update]

Update 2: Take-Two says redundancies are at the corporate level only. More through here.

Update 1: Just got this from a Take-Two rep: "No comment at this stage, I'm afraid."

Original: According to MCV, Take-Two is to drop over 20 percent of its global workforce.

Upwards of 400 people are set to lose their jobs at the publisher, with cuts to also be made at T2-owned studios - including Rockstar UK, according to a further report on Develop.

The move is supposed to strengthen the firm's finances.

The news comes as company investor Carl Icahn was confirmed yesterday as buying more shares in the company, raising his stake from 11.3 percent to 12.3 percent (thanks, GI)

We've emailed Take Two and Rockstar for response.