Activision Blizzard Reportedly Planning Massive Layoffs

Activision is about to lay off hundreds of employees

Activision Blizzard to Cut Hundreds of Jobs Following Stock Plummet (Report)

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.

Activision Blizzard is reportedly planning on announcing job cuts that could "number in the hundreds" following slowing sales for the company responsible for such titles as Call of Duty and Overwatch.

According to Bloomberg, the layoff is, unsurprisingly, part of the videogame developer and publisher's effort to restructure the company.

According to Bloomberg, the layoffs are part of a restructuring to centralise functions and boost profit - following their November conference call a year ago where they stated how major titles, like Overwatch and Hearthstone, were seeing declining numbers.

Kotaku's Jason Schreier reports that employees have been anticipating some kind of announcement like this for some time, with rumors of layoffs intensifying over the past week.

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). As a matter of fact, Activision Blizzard parted ways with Bungie after Destiny 2: Forsaken's sales hit a low point. In order to publish its franchise independently.

It's unclear if the staff threatened by these cuts are support staff on Destiny, with marketing and PR teams behind the brand likely now out of work. Activision Blizzard includes both Activision and Blizzard Entertainment, as well as mobile games developer King Digital.

Activision Blizzard has also recently lost several high-profile executives: long-time Activision Publishing CEO Eric Hirshberg, Blizzard co-founder and president Mike Morhaime, Activision Blizzard CFO Spencer Neumann, and Blizzard CFO Amirta Ahuja.

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