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Activision Blizzard Plans On Laying Off ‘Hundreds’ Of Members Of Staff This Week

Our thoughts are with those affected.

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Credit: Activision Blizzard

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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Credit: Activision Blizzard

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.

Back in November, the company said that some of its most-popular IPs, including Hearthstone and Overwatch, seemed to have lost favour with their players, leading to a drop in numbers. This, combined with the poor sales of Destiny 2: Forsaken, spells nothing but trouble for Activision Blizzard.

Bloomberg reports that analysts are now expecting Activision’s sales to drop by another 2 percent this year.

Credit: Telltale Games

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.

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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.

Credit: Activision Blizzard

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

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