Take-Two's developer of the Kerbal Space Program 2 and Olli Olli series are reportedly scheduled to shut down. Is it part of a cost-cutting plan?

Take-Two's developer of the Kerbal Space Program 2 and Olli Olli series are reportedly scheduled to shut down. Is it part of a cost-cutting plan?
Take-Two Interactive's developers, Intercept Games and Roll7, appear to be shutting down. It is reported that it is part of the company's layoff plan. Take-Two's developer of the Kerbal Space Program 2 and Olli Olli series are reportedly scheduled to shut down. Is it part of a cost-cutting plan?...

The linked article is in Japanese.