It’s reported that Activision-Blizzard are set to announce a round of job cuts in the face of slowing sales figures.
On Friday Bloomberg reported that Activision-Blizzard are set to announce a number of job cuts across the company. The cuts are set to be across the company and potentially could go into the hundreds. Activision employed approx 9,800 people at the end of 2017.
Towards the end of last year Activision said that key titles weren’t performing as expected with performance numbers either flat or starting to decline. Activision and Bungie split after Destiny 2: Forsaken was specifically called out as a title that wasn’t performing to the companies expectations.
After the news was announced Activision Blizzard Inc shares dropped around 2.5%.
There hasn’t been any official announcement by the company yet, although they are set to announce this coming week.