Bloomberg reported that Activision Blizzard plans to lay off hundreds of people in a restructuring aimed at centralizing functions and boosting profits
The video game industry isn’t done with its bad news, it seems. Bloomberg reported that Activision Blizzard plans to lay off hundreds of people in a restructuring aimed at centralizing functions and boosting profits.
The Santa Monica, California-based company is one of the largest companies in the global game business, but it has hit a tough patch, with slowing game sales and increased competition. Bloomberg cited unnamed sources who are familiar with the layoff plans. A spokesperson for Activision Blizzard declined to comment to me. This news follows a week of bad news for game companies.
The company has been beset with leadership changes in recent weeks. Mike Morhaime, the cofounder of Blizzard Entertainment, announced he was retiring in October, to be replaced by World of Warcraft executive J. Allen Brack. Morhaime spent 27 years at the company. When he handed over the reins to Brack, Blizzard ran into an unexpected fan revolt at the BlizzCon event.
