According to a Bloomberg report, Activision-Blizzard is planning to cut hundreds of jobs.
The report coincides with the impending arrival of the publisher’s latest quarterly results, which are expected to show a drop in earnings: the company’s share-price fell by 2.5 per cent late last week. However, Kotaku reports that job-cuts have been in the offing for Activision-Blizzard for a while: “There’s been no official news from the publisher yet, but we first heard word of upcoming layoffs late last year. At the time, Activision and Blizzard staff told me they expected the axe to fall in February, and I started hearing more and more rumors earlier this week, with whispers suggesting that the layoffs would happen ahead of the publisher’s quarterly earnings call, which is on Tuesday, February 12.”
Bloomberg suggests that the job-losses will be announced on 12 February 2019, and will number in the hundreds; Kotaku adds that: “People who work or have worked at Blizzard told me that they expect Tuesday’s layoffs to be primarily in non-game-development departments, such as publishing, marketing, and sales. Some of those jobs and roles may then fall to Activision proper, further reducing Blizzard’s autonomy.”
2018 was something of a rollercoaster year for Activision-Blizzard, in which, as we reported, CEO Eric Hirshberg stepped down in favour of Rob Kostich, Blizzard president Mike Morhaime was replaced by J Allen Brack and both wings of the company generally saw a shuffling of executive positions.
We’ll bring you news of the redundancies as soon as they are made public. In the meantime, keep an eye on Activision’s website.