Welcome

Activision to Cut 8% of Staff After Delivering Weak Forecast (2)

Feb. 13, 2019, 1:41 PM

Activision Blizzard Inc. plans to eliminate 8 percent of its workers as part of a companywide restructuring, an effort to get the maker of Call of Duty back on track after a disappointing sales forecast.

The layoffs would affect hundreds of workers at the company, which expects to record a roughly $150 million expense in connection with the belt tightening. Bloomberg reported last week that the video-game maker was preparing to make the cuts.

On a conference call with investors Feb. 12, Activision said sales of key games such as Call of Duty, Overwatch and Hearthstone have been disappointing. One ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.