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Activision Will Terminate Its Contract With Hundreds of Employees

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Activision Will Terminate Its Contract With Hundreds of Employees

According with Bloomberg reports hundreds of Activision Blizzard employees will probably get their contracts terminated next week, as the publisher has announced big lost in the last year’s revenue.

Problems started at Activision Blizzard since Destiny’s 2 Forsaken expansion failed to get the revenue expected, it’s also reported that Overwatch and Hearthstone userbase is already on decline even BlizzCon 18 went bad for them after the announcement of Diablo Immortal. Bungie leaving and taking Destiny 2 with Activision Blizzard was the final nail in the coffin for the giant publisher.

Sources told Bloomberg that Activision Blizzard wants to centralize functions and boost profits, and that part of the plan will include layoffs that could cost hundreds of employees their jobs. Activision Blizzard includes both Activision and Blizzard Entertainment, as well as mobile games developer King Digital.

In January, Activision fired Chief Financial Officer Spencer Neumann, who was then quickly picked up by Netflix. Activision brought back former CFO Dennis Durkin, who had served in the role from 2012-2017, giving him a $3.75 million signing bonus and some $11.3 million in stock, plus a $900,000 annual salary.

Kotaku’s Jason Schreier reports that employees have been anticipating some kind of announcement like this for some time, with rumors of layoffs intensifying over the past week.

An official announcement is expected from Monday to Wednesday, it’s still unclear how many people will lose their jobs or which development team will suffer the most.

Read the full article at – PCGamesN

Don’t miss any of the latest news at – Gaming Instincts.

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