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[Report] Activision Blizzard To Lay Off Hundreds Of Employees
By Syazwan Bahri|February 9, 2019|1 Comment
Something wicked this way comes to the house that created Call of Duty and all them Blizzard games.
Activision Blizzard is planning to lay off hundreds of workers as the company outlines to reform and centralise its operations. According to Bloomberg, the layoff will come from various parts of the company, including Blizzard itself, due to the disappointing number of sales. Activision employed 9,800 people at the end of 2017.
The layoffs, which could affect hundreds, are part of the company’s plan to restructure aimed at centralising and bolstering profits, said one of the people who asked not to be identified as the changes haven’t been announced.
A lot, actually. Let’s break it down:
Bloomberg also reports that Activision Blizzard is not the only publisher facing declines in stock -its stock dropped nearly 2.5 percent as of this writing. EA is facing a share price decline of 13 percent earlier this week following bad sales and Take-Two Interactive also tumbled after forecasting sales for the quarter that were below analyst forecasts.
Activision Blizzard’s official announcement is expected to come on Tuesday.
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Activision Blizzard Lays Off Hundreds Of Employees After Achieving “Record Results” – KAKUCHOPUREI.COM
February 13, 2019 at 1:53 pm
[…] It’s official: Activision Blizzard is laying off a ton of people. […]