🏠 » General » Hundreds of layoffs reportedly coming to Activision-Blizzard

Hundreds of layoffs reportedly coming to Activision-Blizzard

Hard times are reportedly inbound for Activision-Blizzard.

According to Bloomberg’s Christopher Palmeri, the publisher behind Call of Duty, Overwatch, and Diablo is set for mass layoffs this Tuesday. While no exact number is given, the report states that pink slips “could number in the hundreds.” How this will impact the company, and where these layoffs will primarily hit, is unknown.

The news comes after a tumultuous stretch for the company, one defined by declining player bases in key games, lagging sales, and regular turnover in the boardroom. In a November conference call the company acknowledged waning interest in titles such as Overwatch and Hearthstone, which was followed by underwhelming revenues from the release of Destiny 2: Forsaken.

In January, Activision-Blizzard sustained another hit when Bungie, the developer behind the Destiny series, announced that it was splitting from the publisher. This resulted in Activision-Blizzard losing the Destiny franchise and with it, hundreds of millions of dollars in potential future revenue.

The roll of bad news has seen Activision-Blizzard stock prices cut in half over the last six months. Since peaking at $84.68 in October, shares have dropped as low as $42.53, with prices hovering around that mark today.

Blizzard was already shaping up for a rough 2019. Despite the looming release of Warcraft 3: Reforged, the company was actively looking to cut costs according to a Kotaku report. This was coupled by an increasingly meddlesome approach from Activision that may be attributed to the company’s rough 2018.

Despite these layoffs, the company is still positioned for a busy 2019 that includes the releases of Diablo Immortal, Sekiro: Shadows Die Twice, World of Warcraft: Classic, and more.

Read Also
You can get Black Ops 6 beta code for free, here’s how
Call of Duty: Black Ops 6 beta release date is finally known ...
Call of Duty: Modern Warfare 3 won’t stop lagging after update
Call of Duty players are always critical of the first person shooter ...
Is Black Ops 6 coming to PlayStation and Game Pass?
The future of Call of Duty games on PlayStation has been at ...
Everything we know about the Call of Duty: Black Ops 6 reveal
Call of Duty: Black Ops 6 is getting an official reveal. Activision ...
Call of Duty: Warzone Season 4 brings massive map changes
Call of Duty: Warzone and Warzone Mobile are getting a lot of ...
Latest News
Is there any hope for a StarCraft 3? Here’s everything we know
RTS players have all wondered whether there’s hope ...
Netherlands looks to raise online gambling age to 21
A new bill, the Remote Gambling Act, is ...
Explaining WestJett and his issue with ShahZaM in Valorant
Valorant YouTuber WestJett was recently called out by ...
Elden Ring: Save file locations and how to back them up
Every Elden Ring player has wanted to back ...
How to get the best outcome for Spoils of War in KCD2
Spoils of War is one of the more ...
Kick streamer Sliker accused of CS2 knife gambling scam
Kick streamer Abraham "Sliker" Mohammed is being accused ...
Should you choose Boots of Swiftness in League? Are they OP?
Players have plenty of items to choose from ...
Here’s how to see your missing cards in Pokemon TCG Pocket
Most Pokemon TCG Pocket players are missing a ...
Editor's Picks
Who is Stevewilldoit? Net worth, girlfriend, and more
The news of Stephen "Stevewilldoit" Deleonardis, the master ...
All we know about Thea Booysen, MrBeast’s girlfriend
Jimmy "MrBeast" Donaldson is known purely for his ...
How to quickly make infinite water in Terraria
Whether you’re looking to spruce up your Hellevator ...
Best Pokemon Glazed cheat codes
Pokemon Glazed is one of the most popular ...
How to enable net graph in CS2 
Competitive players were disappointed when they discovered that ...

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
21+NCPGGamblers Anonymous
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site