Activision-Blizzard reportedly planning hundreds of job-cuts

Activision is about to lay off hundreds of employees

2018 was a tough year for the gaming industry, and it doesn't look like the downward trend is going to let up anytime soon.

Although both companies run autonomously under a single banner, according to a new report over at Bloomberg there are now hundreds of jobs across Activision Blizzard about to be shed.

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. Aimed at centralising its overall functions, as well as to boost its profits. Back in November during a company conference call, it was acknowledged that key titles - such as Overwatch - saw either flat or declining numbers.

Ilhan Omar Promotes Anti-Semitic Conspiracy Theories, Retweets 'Hook-Nosed' Tweet
Instead of clearing the air about the previous antisemitic post, Omar continued with a response: " AIPAC! ". Ilhan Omar (D-MN) on her latest tweets about Jewish people's influence over members of Congress.

Over on Kotaku, Jason Schreier found his own anonymous source who corroborated the news and said that layoffs in the Blizzard arm of the company were expected to hit non-game development departments primarily - areas such as sales, marketing and publishing.

Despite the changes, analysts are forecasting the company's sales to decline by about 2% from US$7.48 billion (~RM30.46 billion) to US$7.28 billion (~RM29.98 billion). Then there's Bungie leaving Activision after the reported disappointing performance of Destiny 2. In order to publish its franchise independently. CEO of Activision Erich Hirshberg and Mike Morhaime, the boss of Blizzard, both left, while in the beginning of the year, Activision revealed it was firing its CFO Spencer Neumann. Under the Blizzard Entertainment umbrella, the company still rakes in millions from its World of Warcraft MMORPG.

Related:

Comments

Latest news

Ronaldo in the act again as Juve thrash Sassuolo in Serie A
Now it has left second-placed Napoli trailing after Carlo Ancelotti's side was held to a goalless draw at Fiorentina on Saturday. If the opponents are really clammed up, you need to pass around them. "However, we want to do even more".

Miguel Almiron addresses English media for first time since record deal
He said: "First and foremost, I see it as an honour, but it's something I try not to pay too much attention to". Almiron will be available for selection for his new club on Monday, as Newcastle travel to Wolverhampton.

Trump to Sign Artificial Intelligence Order
President Donald Trump is directing federal agencies to focus on artificial intelligence (AI), multiple outlets have reported. Eighteen other countries have beaten America to the punch in that regard.

Grammys 2019: Pop star Dua Lipa crowned as Best New Artist
Dua was overwhelmed with emotion while waiting backstage as the victor was announced following her performance with St. She also received a Grammy nomination this year for Best Dance Recording for her single "Electricity" with Silk City.

Mountains Sounds cancels, blames NSW government's "war on festivals"
It was strongly indicated to us that we were not going to be granted the necessary approvals required for the 2019 event to proceed next weekend".

Trump supporters stage a 'human wall' at U.S.-Mexico border
During his State of the Union address Trump highlighted El Paso as a positive example of what border barriers could achieve. The former congressman is scheduled to deliver his speech at around the same time Trump takes the stage.

21 dead, 14 injured in Istanbul building collapse
So far, 14 people have been pulled alive from the wreckage of the building in Istanbul's mostly residential Kartal district. Erdogan yesterday (Saturday) visited the site and said the death toll had risen to 18 with 14 injured.

Another winter storm brewing in the GTA, to arrive Tuesday
If you're driving west, London and area isn't expected to get much snow, just 5 centimeters, but freezing rain will be an issue. A low pressure system over the Southern Plains States may intensify into a storm as it tracks over Southern Ontario.

United States warships again challenge China's claims in South China Sea
China firmly opposed the relevant action and urged the U.S.to immediately stop its provocations, Hua stressed. She urged the United States to cease the "provocative actions".

Rachel Weisz & Olivia Colman Glam Up for BAFTAs 2019!
Singer denies the story and the film itself was still up for the award, although it failed to win it. Cuaron was also named best director at Sunday night's awards ceremony in London.

Polar bears invade Russian islands
An expert team will be dispatched to the archipelago to assess the situation and prevent the predators' attacks on humans. However, residents risk being prosecuted if they attempt to shoot the endangered bears.

Fitbit has launched two fitness trackers but you can't buy them
Fitbit has introduced a basic fitness tracker that it created to be handed out free to end users, Tech Radar is reporting . In September 2018, Fitbit Care had been launched for employers and health care plan providers.

Premier League legend Paul Scholes announced as Oldham manager
According to BBC, EFL laws frown at anyone with dual roles with two clubs at the same time without the prior consent of the board.

Childish Gambino Made History At The 61st Grammys, And Didn't Show Up
According to the organizers of the ceremony, the performer declined all invitations to perform at the event. NAN reports that Childish Gambino's " This is America " won a total of four Grammy awards on Sunday night.

Manchester City Demolish Chelsea, Tottenham Stay In Premier League Title Hunt
I wanted to go to the dressing room and didn't see him. "I've no problem with Pep". Maybe the goal we concede after three minutes it was hard to play.

Other news