Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

FIFA 23: How To Solve The Anti Cheat Error On PC Version: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Disco Elysium Creators' Studio Has Dissolved: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Legacy Of Kain May Make A Comeback: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

Activision Blizzard Lays Off Hundreds Of Employees After Achieving “Record Results”

It’s official: Activision Blizzard is laying off a ton of people.

The company will be laying off nearly 800 people from its 9,600 head count. During the earnings call earlier today (via Kotaku), Activision Blizzard CEO Bobby Kotick told investors that:

  • the company has achieved record results in 2018,
  • but the company will need to consolidate and restructure because of missed expectations for 2018 and lower expectations for 2019.
  • The company will be cutting non-game development departments and bolster its development staff for franchises like Call of Duty and Diablo.

Here’s part of the press release meant for investors via Activision Blizzard:

While our financial results for 2018 were the best in our history, we didn’t realize our full potential. To help us reach our full potential, we have made a number of important leadership changes.

These changes should enable us to achieve the many opportunities our industry affords us, especially with our powerful owned franchises, our strong commercial capabilities, our direct digital connections to hundreds of millions of players, and our extraordinarily talented employees.

The layoffs have affected Activision publishing, Blizzard, King, Activision studios like High Moon, and even non-game development departments according to a Kotaku tip-off.

So in other words, the people responsible for the games we’re playing from Activision Blizzard are getting laid off while the higher-ups and executives get to keep their jobs and massive bonuses. There’s a lot more going on, but it’s bewildering that a giant company finds massive success with its games and somehow lay off a ton of people.

In contrast, the late Satoru Iwata took a massive pay cut when his company Nintendo was experiencing financial doldrums with the 3DS and Wii U back in 2014. Just think about that for a second before you start defending these bigwig companies.

Related News

post-07
Halo Infinite Campaign Co-Op Might Be Delayed Again

One of Halo Infinite's most-awaited post-launch features is getting pushed back yet again. Halo Infinite's campaign network co-op mode previously h...

post-07
Dark Crystal Prequel Gets Star-Studded Additions

Netflix has announced an incredibly star-studded cast for 1982's The Dark Crystal upcoming prequel, Dark Crystal: Age of Resistance. Here's who will b...

post-07
Add This Rocket League Hot Wheels Car to Your Collection This Month

Remember Hot Wheels? Some of us might have stopped collecting those little toy cars when we grew up but maybe it's time to renew our childhood hobby. ...

Write a comment

Your email address will not be published.

Comment(6)

  1. Another Developer Hit By Layoffs – KAKUCHOPUREI.COM

    February 22, 2019 at 3:10 pm

    […] developer Telltale Games late last year, the start of this year has been no different, with the most recent being Activision Blizzard’s heinous act of laying off almost 800 employees earlier this […]

  2. ArenaNet The Next Company Hit By Layoffs – KAKUCHOPUREI.COM

    February 22, 2019 at 4:31 pm

    […] wasn’t long ago that Activision Blizzard was hit by a huge layoff. The mighty Razer was also affected too. Today, alongside EA-owned Real Racing 3 developers, […]

  3. Financial Issues Forces GOG to Lay Off Employees – KAKUCHOPUREI.COM

    February 26, 2019 at 9:35 pm

    […] is a tough month for the video games industry as Activision, ArenaNet, FireMonkeys and Razer, are all hit by […]

  4. Triple-A Is Not The Way It Used To Be – Uncharted Director – KAKUCHOPUREI.COM

    March 8, 2019 at 6:24 pm

    […] refers to the recent alarming news of massive layoffs, which she attributes to the rising costs of games development and the aforementioned huge staff […]

  5. We Might Be Getting A Call of Duty Modern Warfare 4 Game With Single-Player This Year – KAKUCHOPUREI.COM

    March 13, 2019 at 9:00 am

    […] massive layoffs, Activision Blizzard announced in their earnings report that a new Call of Duty game is coming out […]

  6. Electronic Arts Lays Off Marketing And Publishing Department – KAKUCHOPUREI.COM

    March 27, 2019 at 2:09 pm

    […] was received in a year with multiple major players in the gaming industry hit by layoffs, such as Activision Blizzard, Razer, Firemonkeys Studio, ArenaNet and NetEase. Some well-known stakeholders are affected too, […]

Tournament Tool Kit

Kakuchopurei Community

Follow us on Twitter

Featured Video