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Waxangel
United States33705 Posts
The layoffs are reported to affect around 8% of Activision Blizzard's 9,600 global employees, focused on non-development departments such as publishing and esports. During an earnings call on Tuesday, Activision Blizzard reported that while the company had achieved record earnings in 2018, it had still fallen short of expectations in terms of "engagement" and "player investment." Activision Blizzard stock has fallen more than 40% over the past year. 
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BigFan
TLADT24920 Posts
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Nakajin
Canada8991 Posts
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Cyro
United Kingdom20344 Posts
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narbsncharbs
34 Posts
Actiblizz releases a new cod every year and it makes over a billion dollars every year every time. I would love to see that with other actiblizz ips. I'd be so busy I wouldn't have any time to look at other games from other companies. Hope they gear things up hard and have a dedicated team for each franchise instead of all that shuffling around nonsense they've been doing the last several years. | ||
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FueledUpAndReadyToGo
Netherlands30548 Posts
 A lot of community figures are reacting with not just sadness but complete disbelief that Olbertz was laid off. Makes me wonder if Blizzards idea/commitment to WCS has changed after this earnings call compared to when they announced the 2019 circuit | ||
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Nakajin
Canada8991 Posts
On February 14 2019 10:07 FueledUpAndReadyToGo wrote: Sad for all that lost their jobs, and us Starcraft fans A lot of community figures are reacting with not just sadness but complete disbelief that Olbertz was laid off. Makes me wonder if Blizzards idea/commitment to WCS has changed after this earnings call compared to when they announced the 2019 circuit Kim Phan kept her post as far as I know so I think were good for this year since she's the one in charge (look I don't have a clue but gotta find comfort where you can) | ||
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sneakyfox
8218 Posts
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fishjie
United States1519 Posts
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renaissanceMAN
United States1840 Posts
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Fecalfeast
Canada11355 Posts
I wasn't sure who any of these people were before the layoffs took place but now have a feeling of dread for the future | ||
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brickrd
United States4894 Posts
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Noonius
Estonia17413 Posts
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Drake
Germany6146 Posts
On February 14 2019 09:29 narbsncharbs wrote: While it is sad people are out of a job, i'm glad that actiblizz is reallocating those funds---into game development. Actiblizz releases a new cod every year and it makes over a billion dollars every year every time. I would love to see that with other actiblizz ips. I'd be so busy I wouldn't have any time to look at other games from other companies. Hope they gear things up hard and have a dedicated team for each franchise instead of all that shuffling around nonsense they've been doing the last several years. no they reallocating those funds into the pockets of the shareholders | ||
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cha0
Canada518 Posts
On February 14 2019 15:39 Drake wrote: no they reallocating those funds into the pockets of the shareholders Not even... they're reallocating those funds into Bobby Kotick and his top execs pockets. https://www.bloomberg.com/news/articles/2019-01-04/activision-gives-15-million-sweetener-to-new-cfo-dennis-durkin This guy just got 15mil as signing bonus, and less than month later they are laying people off to reallocate funds? What an absolute joke. | ||
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FFW_Rude
France10201 Posts
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nimdil
Poland3774 Posts
On February 14 2019 16:12 cha0 wrote: Not even... they're reallocating those funds into Bobby Kotick and his top execs pockets. https://www.bloomberg.com/news/articles/2019-01-04/activision-gives-15-million-sweetener-to-new-cfo-dennis-durkin This guy just got 15mil as signing bonus, and less than month later they are laying people off to reallocate funds? What an absolute joke. https://3ovyg21t17l11k49tk1oma21-wpengine.netdna-ssl.com/wp-content/uploads/2019/01/5-levels-corp-org.jpg Note the "bonus buddies" section and "might get laid off" section. | ||
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darhumewin
United States16 Posts
great company. | ||
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lechatnoir
392 Posts
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JimmyJRaynor
Canada17892 Posts
On February 14 2019 17:19 lechatnoir wrote: Record success and still lay-offs. Screw everything about a system that encourages this. So many people at the top lost all sense of proper priorities. revenue is not profits. Profits in 2018 are $27 million lower than in 2017. when revenue is up and profits are down the standard move is to lower expenses. Blizzard's profit per $ of operating expense is the lowest out of Activision, Blizz, and King Digital. Circulating thru reddit is a list of 140 jobs Blizzard for which is hiring. Blizz is hiring. | ||
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