Breaking News

G.SKILL Showcases DDR5-9200 1.1V 16GBx2 High-Speed CU-DIMM Memory Kit Sony Introduces BRAVIA 9 II and BRAVIA 7 II RGB TVs and the BRAVIA Theatre Trio Creative Announces Sound Blaster AE-X Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel COLORFUL Presents Limited Edition iGame GeForce RTX 5070 Ultra OC 12GB x 007 First Light Edition

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Activision Blizzard To Lay Off Nearly 800 People

Activision Blizzard To Lay Off Nearly 800 People

Gaming Feb 13,2019 0

Activision Blizzard will layoff 8% of its staff of 9,600 employees, the video game company announced Tuesday during its fourth-quarter earnings call.

The employees will come from non-development and administrative-related parts of the business, according to the company.

The news arrived with record fiscal 2018 revenues of $7.5 billion, up 7.1% year-over-year. Though revenue beat its outlook of $7.355 billion, net bookings—its metric for digital and sold-in physically sales—fell 3% short of its forecast at $7.26 billion. With the severing of its deal with Destiny 2 developer Bungie, Blizzard’s sparse 2019 release schedule and stagnant player counts for major franchises like Overwatch and Hearthstone, the company greatly lowered its 2019 outlook to $6 billion.

Activision Blizzard will boost by 20% the number of developers working on its major franchises—Call of Duty, Overwatch, Warcraft, Hearthstone, Diablo and Candy Crush—funding this move by cutting disappointing initiatives and employees layoffs.

Tags: Activisionfinance
Previous Post
Corsair's 192GB memory DDR4 Memory Kits Start from $1,600
Next Post
Apple's News Subscription Service Coming Soon

Related Posts

  • Activision Blizzard King to Team Xbox

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Panasonic Annual Profit Decreased, Tesla Battery Venture Brings Gains

  • Sony's Q4 Profit Dropped 57% on Low Image Sensor Sales

  • Sharp Cuts Full-year Profit Forecast as Virus Impacts Demand

  • Roku Says Ad Sales Growth is Slowing, Platform Sees Growth

  • EA and Activision Report Booming Profits as Videogames Sales Surge

  • Amazon Could Report Loss in Q2 As a Result of COVID-19-related Costs

Latest News

G.SKILL Showcases DDR5-9200 1.1V 16GBx2 High-Speed CU-DIMM Memory Kit
PC components

G.SKILL Showcases DDR5-9200 1.1V 16GBx2 High-Speed CU-DIMM Memory Kit

Sony Introduces BRAVIA 9 II and BRAVIA 7 II RGB TVs and the BRAVIA Theatre Trio
Consumer Electronics

Sony Introduces BRAVIA 9 II and BRAVIA 7 II RGB TVs and the BRAVIA Theatre Trio

Creative Announces Sound Blaster AE-X
PC components

Creative Announces Sound Blaster AE-X

Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel
Gaming

Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel

COLORFUL Presents Limited Edition iGame GeForce RTX 5070 Ultra OC 12GB x 007 First Light Edition
GPUs

COLORFUL Presents Limited Edition iGame GeForce RTX 5070 Ultra OC 12GB x 007 First Light Edition

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

JSAUX 65Wh Rog Ally Battery

JSAUX 65Wh Rog Ally Battery

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed