Activision Blizzard Reportedly Planning Massive Layoffs

Activision Blizzard Reportedly Planning Massive Layoffs

Activision Blizzard Reportedly Planning Massive Layoffs

Sources told Bloomberg that Activision Blizzard wants to centralize functions and boost profits, and that part of the plan will include layoffs that could cost hundreds of employees their jobs.

According to Bloomberg, the layoffs are part of a restructuring to centralise functions and boost profit - following their November conference call past year where they stated how major titles, like Overwatch and Hearthstone, were seeing declining numbers.

As you may know, the company didn't have the greatest 2018. Destiny 2's Forsaken expansion failed to meet Activision's sales expectations, and company stock took a significant hit after the ill-received announcement of the mobile-only Diablo: Immortal at Blizzcon in November.

Analysts predict that the aforementioned move will lead to a $400 million reduction in revenue for Activision Blizzard.

Netanyahu Election Rival Suggests West Bank Settlements Could Be Dismantled
Likud pledges to maintain the country's military presence and expand the Israeli settlements in the occupied West Bank. Mr Gantz's party later put out a clarification saying "no unilateral decisions will be made on settlement evacuation".

As Bloomberg notes, the company has seen quite a shake-up at the top over the past year as well, which certainly doesn't help.

In context: In what's been a turbulent year for the publishing giant, seeing stagnating growth in key titles such as Overwatch and Hearthstone, as well as losing the Destiny IP, Activision is reportedly planning a restructuring effort aimed at increasing profitability.

Unfortunately for Activision, this trends seems to be carrying over into the new year, with Tim Kilpin, head of Activision's consumer-products division, announcing his retirement this month. The share value of the company has plummeted from around $80 last October to less than $43 on Friday, partly due to flat sales from game such as Overwatch and the loss of the Destiny franchise.

One of the biggest companies in gaming, Activision is thought to employ anywhere from 9,000 to 10,000 employees.

Recommended News

  • Motivated Federer targets ninth Wimbledon crown

    Motivated Federer targets ninth Wimbledon crown

    We talked about it in Melbourne , we talked about how excited [Rafa] was, and me too, that we're going to be on the same team again".
    Google’s Pixel 4 could come with dual-SIM functionality enabled

    Google’s Pixel 4 could come with dual-SIM functionality enabled

    This just means that you can't use both SIMs at the same time, in this case the physical SIM and the eSIM networks simultaneously. This isn't widely-known information, but the Pixel 2 and 3 can technically act as dual-SIM devices thanks to their eSIM support.
    Kylie Jenner & Travis Scott Go All Out For Stormi Webster’s First Birthday!

    Kylie Jenner & Travis Scott Go All Out For Stormi Webster’s First Birthday!

    Ur spirit keeps me going every day and ur [sic] mommy love u and cant [sic] wait to share more lovely days with u. Kylie's parents, Kris Jenner and Caitlyn Jenner , and sisters Khloé and Kourtney were also in attendance.
  • Dancing On Ice fans spot Jason Gardiner's shady comment to Gemma Collins

    Dancing On Ice fans spot Jason Gardiner's shady comment to Gemma Collins

    And those at the bottom of the leaderboard seriously need to up their game, as next week's show will see a double elimination. Despite clearly trying much harder with the content of her routine and looking much happier, the judges remained unimpressed.
    IKEA sells world map but forgets to include New Zealand

    IKEA sells world map but forgets to include New Zealand

    Last year, a member of Reddit pointed out an Ikea store which had a map on their wall missing the country out. You don't even have to squint to notice the world map is missing our Kiwi cousins - and they're not happy.
    How to Watch the 2019 Grammys Online

    How to Watch the 2019 Grammys Online

    But we'll pause there, if only to save our breath for the latest award show drama - this time, concerning the Grammys. Grande was quick to refute this account on Twitter , her chosen medium for handling such matters.
  • U.S. team in Beijing for trade talks

    US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He will lead those talks.
    NY woman resorts to baseball bat after patty not available

    NY woman resorts to baseball bat after patty not available

    Police say that she became upset after ordering a patty and was told that the restaurant had run out of them. This media house does not correct any spelling or grammatical error within press releases and commentaries.
    Samsung Galaxy M30 renders leaked: Looks a lot like the Galaxy M20

    Samsung Galaxy M30 renders leaked: Looks a lot like the Galaxy M20

    The Galaxy M10 and M20 have been a sales hit on their global debut in the highly competitive mid-range smartphone market in India. Other specs include a slightly smaller 236 mAh battery, wireless charging, Bluetooth 4.2, NFC for Samsung Pay, and WiFi.
  • Chimps use branch to make ladder to escape Belfast Zoo

    Chimps use branch to make ladder to escape Belfast Zoo

    In January, a red panda called Amber went missing from the zoo overnight before being discovered in a nearby garden. Belfast City Council, which runs the zoo, said the chimpanzee was only out of the pen for a brief amount of time.
    Pro-Trump fashion rocks the Grammys

    Pro-Trump fashion rocks the Grammys

    In 2017, the singer infamously donned a "Make America Great Again" dress with "Trump" inscribed in sparkles on the gown's train . In many respects, his love of all-things Trump clashes directly with Rebel's view on sexuality.

    Meghan McCain Invokes Cardi B To Send Scathing Message To The Trumps

    McCain said that it's "a unusual element to [her] life" that Kushner and Trump attended the funeral, and she wishes "they had chosen not to out of respect".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.