Activision Blizzard, publisher of Call of Duty, Overwatch, and Candy Crush, has announced significant layoffs. Employees were notified of the cuts today, with people at Activision, Blizzard, and mobile game company King affected. Activision has also detailed its financial performance for the forth quarter of 2018 and, as part of this, noted that it “will increase development investment in its biggest franchises, enabling teams to accelerate the pace and quality of content for their communities and supporting a number of new product initiatives.” It also cited that the number of developers that will be working on “Call of Duty, Candy Crush, Overwatch, Warcraft, Hearthstone and Diablo in aggregate will increase approximately 20% over the course of 2019.” However, this greater investment, it says, will be funded by “de-prioritizing initiatives that are not meeting expectations and reducing certain non-development and administrative-related costs across the business”–referring to the layoffs. In its financial call, COO Coddy Johnson said there would be an eight percent reduction in headcount at Activision Blizzard. With nearly 10,000 employees by the company’s last count, this amounts to nearly 800 people losing their jobs. Company CEO Bobby Kotick, said that, while Activision Blizzard’s “financial results for 2018 were the best in our history,” the it “didn’t realize our full potential.” As a result, the company has made leadership changes designed to “enable us to achieve the many opportunities our industry affords us, especially with our powerful owned franchises, our strong commercial capabilities, our direct digital connections to hundreds of… [Read full story]
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