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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.
(Score: 2) by The Mighty Buzzard on Thursday February 14 2019, @11:14AM (2 children)
You mistake my manner of speech for anger. My attitude towards the whiners is more akin to my attitude towards Tide-pod eaters; fools will be fools.
How the company is doing is irrelevant. If they have no need of the services being provided by someone, it's absurd to say they should continue employing them.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Thursday February 14 2019, @06:28PM (1 child)
Nope, you may not be frothing at the mouth but angry you are even if it is mostly intellectual and not emotional. You continue with your hyperbole. You would make a good bean counter / MBA.
That said your basic point of "don't keep useless people on the payroll" is obviously a solid sounding point, but its purpose is more to derail actual discussion and slide all complaints under "business be business yo".
Meh, I bet in a past life you were a scab.
(Score: 2) by The Mighty Buzzard on Friday February 15 2019, @03:28AM
You really should pull your head out of your ass, the shit's getting inside it and replacing gray matter. The people laid off by AB were in bits of its business that were not making it money, not showing any sign of making it future money, and it wanted to get rid of. They were owed nothing except a pink slip but they got a cadillac severance package anyway. And still they whine. And fucktards like you lose all of your shit.
My rights don't end where your fear begins.