Activision Blizzard layoffs: hundreds of jobs cut despite ?record revenue? year
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Summary
Those affect by the layoffs were described as being in “non-development roles” on the earnings call by Activision Blizzard CEO Bobby Kotick, who said the company will still continue to scale up development-focused positions.“We saw weaker than anticipated retail demand,” said president and chief operating officer Collister “Coddy” Johnson during the call. During the Q&A portion of the investor call, he described the layoffs as a “top-five career-difficult moment for me personally.” Despite the self-proclaimed underwhelming revenues and the layoffs, Activision Blizzard said that it plans to expand its development teams on key, internally owned games (like Call of Duty, Candy Crush, and Overwatch) by 20 percent.
As said here by Allegra Frank