Activision Blizzard To Lay Off Hundreds On Employees, Says Report
Activision Blizzard isn’t having the best 2019. The company’s emerging financial woes have not only led to the departure of several notable executives, but came to a head last month when Destiny developer Bungie announced their split from the company. Matters have only seemingly gotten worse in the time since, as stock numbers have seen a decline, recently as low as 2.5 percent.
Now according to a report from Bloomberg, this unfortunate streak is about to get worse. It’s alleged that Activision Blizzard is preparing to announce massive layoffs for the company, one that could potentially leave hundreds of employees out of work. Letting go of so many personnel is reportedly part of a greater internal shake-up working toward “centralizing functions and boosting profit,” as put by one of the outlet’s sources.
As of now, Activision Blizzard has yet to extend an official announcement regarding the layoffs, but one is likely to take place soon. This incoming development follows a series of telling events such as the aforementioned split with Bungie and more recently with a pair of emerging class action lawsuits, suggesting the company’s troubles may not be ending anytime soon. Bloomberg’s report predicts that Activision’s sales could decline as much as 2 percent by the end of the year, bringing it to $7.28 billion.
What do you think? Are you surprised by Activision Blizzard’s decision to lay off so many employees? Let us know in the comments below and be sure to follow Don’t Feed the Gamers on Twitter and Facebook to be informed of the latest gaming and entertainment news 24 hours a day! For more headlines recently featured on DFTG, check out these next few news stories:
Eric Hall1591 Posts
Phone-browsing Wikipedia in one hand and clutching his trusty controller in the other, the legendary Eric Hall spreads his wealth of knowledge as a writer for Don't Feed the Gamers. Be sure to catch his weekly "Throwback Thursday" segment for a nostalgic look at trivia from the past.