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Report: Activision Blizzard Planning Massive Layoffs

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Santa Monica-based Activision Blizzard is planning a set of massive layoffs, which may affect hundreds of people, according to a report on Friday. According to Bloomberg, Activision Blizzard is planning to lay off hundreds of people as it restructures to boost its profitability.

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Activision-Blizzard Cuts Around 190, Says Report

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Los Angeles-based videogame developer Activision-Blizzard has reportedly laid off around 190 employees, or 2 percent of its workforce, according to a report from Bloomberg. The cuts also include a large cut, of 50 employees, from Activision's esports division, according to that report.

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Activision Blizzard To Slash Almost 800 Employees

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Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 bllion, up from the $7.02 billion it had in revenues for 2017.