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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 ...