As a part of its cost reduction plans, Take-Two is reportedly shutting down two studios under its Private Division publishing company: Intercept Games and Roll7. Take-Two, however, seems like it won’t confirm these closures at all.

In response to IGN, when asked about the closures during the earnings call on May 16, Take-Two’s CEO Strauss Zelnick said the company didn’t shut down those studios. “We didn’t shutter those studios, to be clear. And we are always looking at our release schedule across all of our studios to make sure that it makes sense. So we are being very judicious because we are in the middle of a cost reduction program that we’ve already concluded and are now fully rolling out,” Zelnick said, adding that while the company is saving $165 million in costs, it hasn’t shuttered anything.