Activision-Blizzard plan to cut 'hundreds' of jobs

Activision-Blizzard could be planning on laying off 'hundreds' of workers next week despite them employing 9,800 people in 2017.

@Jak_ConnorTT
Published Sat, Feb 9 2019 5:00 AM CST   |   Updated Tue, Nov 3 2020 11:49 AM CST

A recent article from Bloomberg has claimed that Activision-Blizzard are planning to get rid of 'hundreds' of employee's next week in wake of the recent declines or flat-lining or their titles.

Activision-Blizzard plan to cut 'hundreds' of jobs | TweakTown.com

Bloomberg has reported that Activision-Blizzard employee's that are close to the matter have told Bloomberg that the company is planning on laying-off "hundreds" of jobs next week. The rumored decision is reportedly due to to titles such as Overwatch and Hearthstone having declines or flat-lines in their player-base numbers. Another fact that could contribute to the decision would be that the companies share prices recently dropped 2.5% just last Friday.

According to Bloomberg, analysts have also predicted that Activision-Blizzard's sales will decline a further 2.5% by the end of this year, this will bring the company's net value to $7.513 billion. Activision-Blizzard just recently separated from Destiny developer Bungie, this separation could see the company loosing out on a revenue stream of around $400 million.

NEWS SOURCE:bloomberg.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest news. Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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