Is Activision Blizzard Preparing A Round Of Massive Layoffs?

General news News 02/09/2019

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Several hundred people might be laid off at the publisher.

Bloomberg reports that Activision Blizzard is planning to announce the layoffs on February 12, Tuesday, as part of a restructuring „aimed at centralizing functions and boosting profit.” The reason behind the move is the recent financial performance of the company.

While Overwatch managed to keep its monthly active users, Hearthstone presented a decline, and Destiny 2: Forsaken underperformed (plus Bungie split from the company, taking the IP with them, too). Also, the company has lost several executives (which we wrote about before).

Meanwhile, Blizzard announced its new chief financial officer. Dennis Durkin will get a 15 million dollar bonus for accepting the job (!) on top of his monthly 900K salary and 1.35 million target bonus. (It’s typical: a company isn’t in the best financial shape, and yet, the bosses get huge wages… where have we seen this before?)

So it seems the publisher (whose stocks have dipped this week along with Take-Two’s, but Electronic Arts’ has bounced back with the success of Apex Legends) might be feeling the Bungie-leave… and of course, the company doesn’t comment on the situation!

Source: PCGamer

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Angyal Anikó

Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)