Activision Blizzard announced the layoffs of 8% of the workforce in the company


Through its financial report confirmed the company Activision Blizzard of its intention to lay off 8% of workforce in the company, and this means that the company will be laying off at least 800 employees out of approximately 9600 employees working in the company. And even though Activision Blizzard has announced record revenues in the last year, but they expect that next year will be “difficult” where the decline in revenues by 13% compared with last year.

And in relation to its past, it has succeeded in achieving net revenues to $ 7.5 million, while operating profit reached to about 2 million, is superior to the previous year, and reached operating profit to $ 1.3 million, but this was not enough to maintain staff.

0 Comments on “Activision Blizzard announced the layoffs of 8% of the workforce in the company”

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