Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Thursday February 14 2019, @03:24AM   Printer-friendly
from the employees-got-de-activated dept.

Overwatch and Call Of Duty maker to cut 800 jobs

Video games publisher Activision Blizzard has announced it will lay off about 800 people, despite reporting record revenue in 2018. The company made $7.5bn (£5.8bn) last year, up from about $7bn in 2017. Its chief executive, Bobby Kotick, said the results were "the best in our history" but did not "realise our full potential".

[...] Most of the job losses would not be in game development departments, the company said. But many roles related to its e-sports business appear to have been cut. King's Seattle-based mobile game studio Z2Live will be closed entirely, with the loss of 78 jobs.

Activision's stock price had plunged in recent months. As part of the restructuring, the company will increase (by hiring?) the number of developers working on several of its franchises:

"The number of developers working on 'Call of Duty,' 'Candy Crush,' 'Overwatch,' 'Warcraft,' 'Hearthstone' and 'Diablo' in aggregate will increase approximately 20% over the course of 2019," Activision said in its release. "The company will fund this greater investment by de-prioritizing initiatives that are not meeting expectations and reducing certain non-development and administrative-related costs across the business."

Also at CNBC and The Hollywood Reporter.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 5, Informative) by stretch611 on Thursday February 14 2019, @09:54AM (1 child)

    by stretch611 (6199) on Thursday February 14 2019, @09:54AM (#800927)

    Video games publisher Activision Blizzard has announced it will lay off about 800 people, despite reporting record revenue in 2018. The company made $7.5bn (£5.8bn) last year, up from about $7bn in 2017. Its chief executive, Bobby Kotick, said the results were "the best in our history" but did not "realise our full potential".

    The Republican Tax passage that passed a little over a year ago cut corporate taxes. That money went so that companies would hire more people and give raises out to middle class workers.

    Surely, our elected officials wouldn't lie to us. They must be hiring more people at Activision and giving them raises.

    FAKE NEWS!!! FAKE NEWS!!!

    --
    Now with 5 covid vaccine shots/boosters altering my DNA :P
    Starting Score:    1  point
    Moderation   +3  
       Insightful=1, Informative=2, Total=3
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   5  
  • (Score: 0) by Anonymous Coward on Thursday February 14 2019, @07:42PM

    by Anonymous Coward on Thursday February 14 2019, @07:42PM (#801154)

    Bwawawawawawawawawa!

    Oh, wait, you were serious?

    BWAWAWAWAWAWAWAWAAAA!