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Activision Blizzard cuts nearly 800 jobs amid ‘record results in 2018’

The Verge Tuesday, 12 February 2019
Activision Blizzard cuts nearly 800 jobs amid ‘record results in 2018’Activision Blizzard has announced that it’s laying off 8 percent of its employees — roughly 770 people — as part of the company “de-prioritizing initiatives that are not meeting expectations.”

The news came on the heels of announcement of Activision Blizzard’s Q4 and 2018 earnings, where CEO Bobby Kotick gave the company’s “record results in 2018.” Kotick went on to comment that, “While our financial results for 2018 were the best in our history, we didn’t realize our full potential.”

As such, Activision Blizzard says that it’ll be focusing more on its biggest franchises: Call of Duty, Candy Crush, Overwatch, Warcraft, Hearthstone, and Diablo, with plans to increase developers across those titles by “approximately 20% over the course of...
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Credit: The Street - Published < > Embed
News video: What Jim Cramer Is Watching When Activision Blizzard Reports Earnings

▶ What Jim Cramer Is Watching When Activision Blizzard Reports Earnings 03:45

Activision Blizzard Inc. plans to announce job cuts Tuesday in the face of slowing sales, Bloomberg reported, citing people familiar with the matter, reported TheStreet's Joseph Woelfel. The company is also expected to release earnings Tuesday. Related: Kids Want Video and Mobile Games, Not Hasbro...

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