“These charges consist of approximately $50 million to $65 million associated with office space reductions, approximately $40 million to $55 million related to employee severance and employee-related costs, and $35 million to $45 million in costs associated with licensor commitments,” reads the filing.
The severance I get, but why is closing offices costing them so much. And what are “ licensor commitments?”
I don’t know why you’re being downvoted for asking a simple question.
Could be a number of things. Some people are begrudgingly in unions. They kind of need to be in the union to get the job, but they might not like the idea of organized labor.
Some people might be tight on cash and might also need their regular wages at the moment.
Since that 1.6x is pretty stable and performant, I’d be shocked if this rollout was bad.
That said, given that 1.0’s monumentally terrible launch, and the press restrictions that hid performance problems, you’d think CDPR would be trying to be transparent AF this time around.
I just thought it was a fascinatingly bad marketing decision that made this an interesting review worth posting. ¯_(ツ)_/¯