Activision Blizzard falls after missing on revenue and giving weak 2019 guidance
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Summary
Shares fell as much as 5 percent in extended trading before gaining as much as 4 percent.Activision Blizzard has revealed headwinds in recent weeks, and said Tuesday it plans to cut its global workforce by 8 percent."Our restructuring plan sheds investment and less productive nonstrategic areas to our business and will result in a net headcount reduction of approximately 8 percent while also driving a significant increase in investment focus and capabilities around our biggest franchises," CEO Bobby Kotick said on the company's earnings call.
As said here by Sara Salinas