Activision Blizzard begins employee layoffs after best year in company history

But it will add staff for major franchises


Activision Blizzard, the publisher of blockbuster games like Call of Duty: Black Ops 4, World of Warcraft and Overwatch, just posted its best financial results in the company’s history. Now, it’s likely going to lay off hundreds of employees.

According to Variety, Activision Blizzard will cut 775 jobs, about 8 percent of the workforce. The news came following Activision Blizzard’s 2018 financial results. Revenue reached $7.5 billion, up 6 percent from $7.02 billion a year earlier.

“While our financial results for 2018 were the best in our history, we didn’t realize our full potential,” Activision Blizzard CEO Bobby Kotick said in the company’s earnings report. “To help us reach our full potential, we have made a number of important leadership changes.”

The cuts will come from non-development teams and support staff, according to an internal letter from Blizzard president J. Allen Brack that was seen by Kotaku.

Read more HERE