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Activision will shut down hundreds of employees



Potentially hundreds of Activision Blizzard employees will see their jobs completed this week as videogames publishing giant announces cost-saving and restructuring efforts. The move comes on the heels with disappointing earnings over the past year and a split with the Destiny 2 developer Bungie last month.

Sources told Bloomberg that Activision Blizzard wants to centralize features and increase profits, and that part of the plan will include layoffs that can cost hundreds of employees their jobs. Activision Blizzard includes both Activision and Blizzard Entertainment, as well as mobile game developer King Digital.

In January, Activision joined CFO Spencer Neumann, who was then quickly retrieved by Netflix. Activision brought back former CFO Dennis Durkin, who earned in the role of 201

2-2017, giving him a $ 3.75 million signing bonus and some $ 11.3 million in stock, plus an annual salary of $ 900,000.

It has been tough a few months on company. Destiny 2's Forsaken expansion failed to meet Activision's sales expectations, and company holdings made a huge success after the unavailable announcement to Blizzcon's only Diablo: Immortal mobile unit in November. The player counts for tent posts that Overwatch and Hearthstone have been flat or are in decline, Bloomberg reports.

Kotaku's Jason Schreier reports that employees have been expecting some kind of announcement like this for a while, with rumors

Exactly how many Activision employees will be affected by the redundancies, or how they will be distributed through the company's merged companies, is not yet clear. However, it is dangerous to go alone: ​​ The best multiplayer games on PC

EA writer Mitch Dyer responded to the news of layoffs using a game development advertising database to help everyone who are affected by the dismissal, to find new employment. The list contains links to work boards for hundreds of developers and publishers around the world.


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