Activision Blizzard Reportedly Cutting Hundreds of Jobs This Week

Doris Richards
February 11, 2019

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.

According to a Bloomberg report, Activision-Blizzard is planning to cut hundreds of jobs.

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. Analysts expect Activision's sales to slide by about two percent for the year, to $7.28 billion.

Neither Activision or Blizzard have responded to the reports, but sources close to Kotaku have stated that some of the jobs to be cut will be in Blizzard departments outside of game development - like marketing, sales, etc.

Activision Blizzard's shares dropped around 2.5% on Friday and is furthering the story that was "acknowledged on a November conference call that some key titles, such as Overwatch and Hearthstone, were seeing flat or declining numbers of users". Meanwhile, disappointing Destiny 2 sales led the company to part ways with Bungie and its publishing partnership it had with the Destiny series. In order to publish its franchise independently. Back previous year, both Eric Hirshberg, CEO of Activision, and Mike Morhaime, Blizzard Entertainment's co-founder, resigned from their respective positions in the company.

Metro GameCentral has reached out to Activision and Blizzard for comment.

Despite this, Activision Blizzard still stands as one of the largest developer and publisher in the video game industry. Under the Blizzard Entertainment umbrella, the company still rakes in millions from its World of Warcraft MMORPG.

Other reports by Iphone Fresh

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