Sunday, May 22, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Gaming

Activision Blizzard Reportedly Preparing To Lay Off Hundreds Of Employees

by John Law
February 11, 2019
Activision Blizzard
74
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

2018 was a tough year for the gaming industry, and it doesn’t look like the downward trend is going to let up anytime soon. Such is the case of Activision Blizzard, who is getting ready to announce job cuts that will reportedly layoff hundreds of its staff.

According to Bloomberg, the layoff is, unsurprisingly, part of the videogame developer and publisher’s effort to restructure the company. Aimed at centralising its overall functions, as well as to boost its profits. The layoffs are also expected to target non-development positions, which are basically roles in publishing, marketing, and sales to name a few.

Despite the changes, analysts are forecasting the company’s sales to decline by about 2% from US$7.48 billion (~RM30.46 billion) to US$7.28 billion (~RM29.98 billion). On a related note, Activision Blizzard’s share value also dropped by as much a 2.5%, hovering at the US$42.88 (~RM174.63) mark since Friday.

Coincidentally, the layoffs seem to come just a month after it was announced that the developer of the Destiny franchise, Bungie announced that it was ending its partnership with Activision Blizzard. In order to publish its franchise independently. It’s very likely that the positions being targeted are staff who were originally brought on to work on the Destiny 2 IP.

ADVERTISEMENT

It goes without saying that this isn’t the first time Blizzard Activision has let go of people. Back last year, both Eric Hirshberg, CEO of Activision, and Mike Morhaime, Blizzard Entertainment’s co-founder, resigned from their respective positions in the company.

Despite this, Activision Blizzard still stands as one of the largest developer and publisher in the video game industry. Under its belt, the company still owns the Call of Duty franchise under the Activision name. Under the Blizzard Entertainment umbrella, the company still rakes in millions from its World of Warcraft MMORPG.

(Source: Bloomberg via Techspot)

Tags: Activision Blizzardlayoffs
Back to top
Share30Tweet19SendShare

ADVERTISEMENT

RELATED ARTICLES

airasia plane
Travel

Thai AirAsia X Files For Bankruptcy Protection

by John Law
May 22, 2022

Thai AirAsia X, the long-haul budget airline carrier that is under the AirAsia group, recently put it an application for...

Read more
Electronic Arts
Gaming

Report: EA Looking To Get Acquired; Was Almost Bought By Comcast

by Ian Chee
May 22, 2022

Before the recent wave of video game studio acquisitions, Electronic Arts was the original mass studio acquirer. Followed by infamously...

Read more
Qualcomm Officially Announces Snapdragon 8 Plus Gen1 And 7 Gen1 Chipsets
Hardware

Qualcomm Officially Announces Snapdragon 8 Plus Gen1 And 7 Gen1 Chipsets

by John Law
May 21, 2022

Qualcomm officially launched the follow-up to its current Snapdragon 8 Gen1 flagship: the Snapdragon 8+ Gen1 SoC. In addition to...

Read more
Ace Combat 7 Top Gun Maverick 2
Gaming

Ace Combat 7 Gets Top Gun: Maverick Plane Skins

by Ian Chee
May 21, 2022

Ace Combat 7, the latest installment of the series is getting new DLC. It done so every few months since...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Smartwatches

    Huawei Watch Fit 2 Coming Soon To Malaysia For RM599

  2. 2
    Mobile Phones

    OPPO Find X5 Pro Review: Solid Flagship, But Something’s Missing

  3. 3
    Events

    Anyone Can Be A Filmmaker By Joining Samsung’s Short Film Competition!

  4. 4
    Hardware

    Illegear Unveils Flow External Liquid Cooling System For Laptops: Available For RM599

  5. 5
    Tablets

    realme Pad X Unveiled; Launching In China Next Week

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.