Activision Blizzard will supposedly announce layoffs for hundreds of staff next week
A new piece in Bloomberg has cited sources allegedly close enough to Activision Blizzard to allege that the gaming company will let "hundreds" of staff go. The firm is apparently taking this action to maximise profits and to "centralize functions". An announcement to this effect is expected on February 12, 2019.
Activision Blizzard has become connected with impending staff cuts thanks to a report in Bloomberg. This article cites sources "familiar with the matter" in claims that the world's largest games studio will announce these layoffs on February 12, 2019. The resulting job losses could apparently number in the hundreds.
Bloomberg has reported that Activision Blizzard is taking this action in order to "centralize its functions", as well as to improve its takings in the future. This alleged widespread corporate restructure is one in an increasingly long line of changes in Activision's fate as of late. For example, it has also recently parted ways with Bungie over the Destiny series' falling profits and popularity. Some estimates put the losses to Activision as a result of this split at up to US$400 million per year.
Furthermore, the games studio has also recently reported that other titles such as Overwatch are seeing user numbers that are flat at best. Therefore, it may be more important than ever that it score a hit (perhaps a battle royale-style release?) in the future.
Deirdre O Donnell - Senior Tech Writer - 6328 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.