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

Logo
live-news-icon

Live News

James Gunn Confirms The Green Lanterns Series Has Watchmen Showrunner Damon Lindelof On Board: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // A New Ghost In The Shell Anime Is Coming From The Studio Behind Scott Pilgrim Takes Off: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Cyberpunk Metroidvania Game Blade Chimera Launches This August: 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
Here Are The Final 24 Teams Competing in the 2018 Overwatch World Cup

The list of the 24 teams set to compete in the 2018 Overwatch World Cup Group Stages is out, along with the groupings for each of the qualifiers which...

post-07
Nintendo Switch Online Getting Two NES Classics and Rewind Feature

Nintendo just uploaded two videos showing what Nintendo Switch Online subscribers will be getting on 17 July 2019. The first video shows two new addit...

post-07
We Talk To Cars On The Road Directors On The Show's The Shining & Mad Max References

Cars On The Road is an upcoming spinoff series set in Disney Pixar's Cars franchise, which starts streaming on Disney+ Hotstar on 8 September 2022. ...

Write a comment

Your email address will not be published. Required fields are marked *

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

Popular Posts

post-17
Street Fighter 6: How To Find Akuma In World Tour Mode
post-17
Senua’s Saga: Hellblade 2 Review: An Odyssey Like Any Other?
post-17
Diablo 4 Season 4: The Best Builds Per Class To Get To Level 100 Fast!
post-17
Diablo 4 Season 4: Tempering & Masterworks Guide
post-17
V Rising Everything You Need To Know About Stygian Shards
post-17
Summer Of Gaming 2024 Schedule: Video Game Live Streams & Showcases
post-17
Vampire Survivors: Operation Guns Contra DLC – All New Evolutions & Unlocks
post-17
Vampire Survivors: The Best Builds For Each Stage
post-17
Hades 2 Guide: All Incantations And Effects At Hecate’s Cauldron
post-17
Hades 2: All Boons List & The Best Ones
post-17
Eiyuden Chronicle: Hundred Heroes – 11 Tips To Get Ahead In This JRPG
post-17
Eiyuden Chronicle: Hundred Heroes Review – Rally Forth
post-17
Final Fantasy VII Rebirth Queen’s Blood Guide: The Best Cards & Decks
post-17
Introducing The Kakuchopurei YouTube Membership Program!
post-17
Palworld: All The Guides You Need For 2024’s Surprise Survival Game Hit
post-17
Prince Of Persia: The Lost Crown Walkthrough & Guide
post-17
Delicious In Dungeon Starts The New Year Tastefully
post-17
The Games Of 2024: Our Picks & Highlights
post-17
Main Game: How To Watch Malaysia’s Best Video Game Show Created By Kakuchopurei & RTM
post-17
Marvel’s What If…? Crew Explains Why They Went 3D Over 2D & A Scrapped Episode That Was Too Close To GOTG 3
post-17
Hawkeye Episode 6 Finale Easter Eggs & Breakdown
post-17
We Talk To Hayden Christensen About Star Wars, Sequels, & Prequels
post-17
Sea Of Stars Might Get DLC Post-Launch
post-17
The Book Of Boba Fett Episode 7 Breakdown & Easter Eggs Explained