Activision Blizzard to lay off 8% of workforce – more than 780 employees

  • 📰 latimes
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 82%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The company is laying off approximately 8% of its workforce in the face of drastically lowered revenue expectations for 2019. Based on a reported workforce of 9,800, more than 780 Activision employees could be out of a job in the coming months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please don't make this about Trump. I hope you don't. The tech industry changes all the time. And Activision has yet to adapt to Free to play games. Fortnite and Apex are bashing the competitors.

fortnite

But, the economy is doing great--Trump

It should be illegal to do these layoffs

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Apex Legends' Just Made All Activision-Blizzard's Current Problems Even WorseIt’s grim tidings for Activision-Blizzard today, as after its earnings call, there are expected to be significant layoffs across the company as it tries to tighten its belt and get back on track. And EA's Apex Legends is not helping in the least. thanks for watching This screenshot is from Apex Legends. Apex Legends is developed by Respawn Entertainment, a subsidiary of Electronic Arts, not Activision-Blizzard. Guess they shouldn't have pissed off their fans...
Source: Forbes - 🏆 394. / 53 Read more »

Activision Blizzard falls after missing on revenue and giving weak 2019 guidanceThe gaming company has revealed headwinds in recent weeks, reportedly planning hundreds of layoffs in response to sluggish sales.
Source: CNBC - 🏆 12. / 72 Read more »

Activision Blizzard earnings and forecast come up short of expectations amid layoffsbullish
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and moreSee which stocks are posting big moves after the bell on February 12. CNBC just released pics of Jeff Bezos below the belt. Wait, that’s a Jim Cramer selfie
Source: CNBC - 🏆 12. / 72 Read more »

'Apex Legends' Just Made All Activision-Blizzard's Current Problems Even WorseIt’s grim tidings for Activision-Blizzard today, as after its earnings call, there are expected to be significant layoffs across the company as it tries to tighten its belt and get back on track. And EA's Apex Legends is not helping in the least. pambaboy KunBata The game has COD and Overwatch level graphics for FREE... Of course millions will play it, this will cause Fortnite to step up their games with glitches and such. After 30 hours of Apex I have yet to experience a game tied glitch. Great design of a game, plus no building. +100000 The way Activision does its business nowadays, they don't need anyone to make their problems wors... They are destroying their own loyal customer base just fine and even worse, they are turning blizzard into same type of cancer
Source: Forbes - 🏆 394. / 53 Read more »

Activision Blizzard has lost half its value in 4 months, but traders are betting big ahead of earnings next weekVideo game stocks have been hit hard as competition in the space rises. Traders are betting on Activision Blizzard ahead of next week's earnings, despite disappointing results from Electronic Arts and Take-Two Interactive that have hit the stocks hard this week. Dumb... Call of Duty has fell off a cliff
Source: CNBC - 🏆 12. / 72 Read more »