As everyone expected, the video game company whose various units publish everything from franchises like Call of Duty to Candy Crush has just announced a massive wave of layoffs affecting 8% of the company.
Activision Blizzard started informing employees Tuesday afternoon about the layoffs, which are believed to affect almost 800 workers of the 9,600 the company employed in 2018. CEO Bobby Kotick also disclosed the coming layoffs to investors during the company’s quarterly earnings call this week. Ironically, Kotick also praised Activision’s results for 2018, having hit a “record” once again — it’s just that the company still fell short of Wall Street’s expectations.
Because of that, it’s pressing forward with restructuring and layoffs, a restructuring that involves the company ditching some aspects of its business altogether, and doubling-down on its most lucrative game franchises.
BGR Top Deals:
- $39 is all it takes to fast charge your iPhone from 0% to 80% in under an hour
- Meet the $69 device that guarantees you’ll cook perfect steak every time
Trending Right Now:
- Huge leak shows Samsung’s Galaxy S10+ in action in a hands-on video
- ‘Avengers: Endgame’ theory suggests Marvel hid a big spoiler in plain sight
- New report claims to reveal the exact release date for Apple’s new AirPods 2
Activision Blizzard cuts 800 workers, refocuses on hits like ‘Call of Duty’ originally appeared on BGR.com on Wed, 13 Feb 2019 at 16:53:53 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report