Activision Blizzard is apparently set to announce a huge number of job cuts later this week, reports Bloomberg.
Although the exact number of cuts isn’t known, it’s speculated that the number is likely to be in the hundreds following a difficult period for Activision Blizzard Inc.
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Shares dropped to 2.5 percent last Friday, with one unidentified source saying the plan is to restructure in order to boost the company’s profits.
Bloomberg reports that analysts are now expecting Activision’s sales to drop by another 2 percent this year.
It’s yet another event in the gaming industry that has concerned professionals. Last year, Telltale Games closed its doors, leading to more than 200 people losing their jobs.
Social media was used to help those who’d suffered from the loss, with lots of studios welcoming ex-Telltale employees. Hopefully the same thing will happen for those affected at Activision Blizzard.
The news about alleged Activision/Blizzard layoffs next week could mean hundreds of great game makers will be without work. We can’t have that.
PLEASE RT this document: a massive list of game dev job opportunities across the world. Help folks find work!https://t.co/UkzvwvyLTi
— Mitch Dyer (@MitchyD) February 9, 2019
Activision Blizzard is full of great people and some dear friends. I hope the rumors of impending layoffs aren’t true. Whatever the future holds, here are all the open roles at @Naughty_Dog on The Last of Us Part II. Follow @NaughtyDogJobs for any new openings. pic.twitter.com/K3Ir6QSufB
— Scott Lowe (@ScottLowe) February 9, 2019
Although the news is yet to be confirmed by the company, it’s believed the announcement of job losses will be made tomorrow.
Featured Image Credit: Activision Blizzard