Activision Blizzard Layoffs - Hundreds of Jobs Could Be Lost

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#1 Posted by XVision84 (15598 posts) -

Source: https://www.bloomberg.com/news/articles/2019-02-08/activision-is-said-to-plan-job-cuts-as-sales-of-key-games-stall

This is a consequence of all the disappointing sales they've had recently. I'm curious how this alongside Bungie leaving will influence the company moving forward. I feel for the people who may find themselves out of a job soon :(.

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#2 Posted by Vaidream45 (1764 posts) -

The new CFO just made $15 million in bonuses so that’s where that money went....

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#3 Posted by DaVillain- (35507 posts) -

The Struggle is real!

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#4 Posted by ProtossRushX (5203 posts) -

This is what happens when you say your developing Diablo Immortal for mobile and abandon your PC fanbase.

Luckily they got WoW Classic coming out which could be cool.

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#5 Posted by mrbojangles25 (43558 posts) -

Hopefully more on the Activision side and less on the Blizzard side.

Could do with fewer Call of Duties in the world, and more Blizzard games.

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#6 Posted by uninspiredcup (32191 posts) -

Less crap. Yay.

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#7 Posted by Archangel3371 (27357 posts) -

That’s unfortunate. Hopefully they land back on their feet quickly.

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#8 Edited by Gatygun (1387 posts) -
@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

Just lol worthy how people still support them.

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#9 Posted by XVision84 (15598 posts) -

@vaidream45: Unfortunate truth. When the top people screw up and the company loses profits, it's the people in the trenches who pay the price.

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#10 Posted by TheEroica (18358 posts) -

@vaidream45: could've saved 1000 jobs with that bonus....

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#11 Edited by hrt_rulz01 (18551 posts) -

@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

Yep... hit the nail on the head.

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#12 Posted by Horgen (119964 posts) -

@TheEroica said:

@vaidream45: could've saved 1000 jobs with that bonus....

One CEO(Edit: CFO I see) is worth a thousand regulars. That's shown over and over again bigger companies.

@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

As if that will help the company.

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#13 Posted by lundy86_4 (52362 posts) -

@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

Holy shit lol. I love when companies don't meet expectations, but the higher-ups will still take their bonuses. That is the exact opposite to how it should work... Company does well? Bonuses.

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#14 Posted by ronvalencia (27215 posts) -

@XVision84 said:

Source: https://www.bloomberg.com/news/articles/2019-02-08/activision-is-said-to-plan-job-cuts-as-sales-of-key-games-stall

This is a consequence of all the disappointing sales they've had recently. I'm curious how this alongside Bungie leaving will influence the company moving forward. I feel for the people who may find themselves out of a job soon :(.

"Managers" has taken over than company and may lead to high overhead management e.g. new CFO just made $15 million in bonuses.

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#15 Posted by onesiphorus (2793 posts) -

@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

I never understand why Western executives earns obscene amount of money and bonuses while Japanese companies like Nintendo do not. At least the late Satoru Iwata did not earn as much as most Western CEOs and he was willing to cut his income when Nintendo did poorly during his tenure.

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#16 Posted by I_P_Daily (11033 posts) -

Sucks for the people who actually make the games, but the sooner Craptivision goes belly up the better.

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#17 Edited by KungfuKitten (26321 posts) -

Seems like a lot of bad companies are having layoffs lately.

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#18 Posted by Horgen (119964 posts) -

@onesiphorus said:
@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

I never understand why Western executives earns obscene amount of money and bonuses while Japanese companies like Nintendo do not. At least the late Satoru Iwata did not earn as much as most Western CEOs and he was willing to cut his income when Nintendo did poorly during his tenure.

Western capitalism has this idea that all it takes is one good CEO to improve a company? The pay no longer seems tied to how well the company does.

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#19 Posted by Sushiglutton (7119 posts) -

Not interested in any of their games. Long term it would be better if their developers were moved to better companies. Even though it of course suck that they lose their jobs now.

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#20 Posted by R4gn4r0k (30519 posts) -

Bobby Kotick: "Activision has had their best financial results so far"

770 people get fired...

Just makes me stick to my plan to never buy another Activision product.

Actual photograph of Bobby Kotick
Actual photograph of Bobby Kotick

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#21 Posted by watercrack445 (1345 posts) -

Bobby Kotick is a big fat turd. Seeing that turd smile makes me shiver in disgusts. He doesn't care he enjoys exploiting people/gamers/employees.

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#22 Edited by Litchie (23478 posts) -
@onesiphorus said:
@vaidream45 said:

The new CFO just made $15 million in bonuses so that’s where that money went....

I never understand why Western executives earns obscene amount of money and bonuses while Japanese companies like Nintendo do not. At least the late Satoru Iwata did not earn as much as most Western CEOs and he was willing to cut his income when Nintendo did poorly during his tenure.

Yeah, Iwata wasn't a disgusting egoistical piece of shit like most western CEOs. Of all big game companies in the world, Nintendo is probably one of the best to work at.

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#23 Posted by Howmakewood (5757 posts) -

at least they are hiring more developers, cutting non dev staff

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#24 Edited by Vaidream45 (1764 posts) -

@Litchie: exactly. Iwata took a major pay cut and didn’t lay anyone off. He stated that even though that would have repaired the financial situation it would decrease employee moral and the games would suffer due to that. He didn’t want his employees fearing for their jobs because the higher ups made some bad business choices. That is true leadership.

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#25 Edited by GoldenElementXL (2874 posts) -

Look at 2019 and beyond. What the hell does Activision have coming that’s gonna make them money? Is Crash Team Racing gonna keep the lights on in the building? Are we really relying on the fickle WoW crowd for support? And COD is losing its footing to F2P Battle Royale shooters. Sure Activision has done alright recently. But their future looks scary, and it’s probably best that they made this move now instead of kicking the can down the road like so many companies did last gen. You know, all those companies that shutdown or that were purchased by companies like Activision???

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#26 Posted by XVision84 (15598 posts) -

@R4gn4r0k: Saw that news today. When they said a couple hundred, I was thinking 200-300. 770 is rough.

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#27 Edited by KungfuKitten (26321 posts) -

Almost 800, wow. About 8% of their people. They are increasing the amount of devs working on their already popular IP's. In other words, they are probably not going to (ever be able to) create something new again. A slowly sinking ship, and a huge waste of talent. Shame, shame, shame.

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#28 Posted by vl4d_l3nin (1764 posts) -
@Litchie said:

Yeah, Iwata wasn't a disgusting egoistical piece of shit like most western CEOs. Of all big game companies in the world, Nintendo is probably one of the best to work at.

Japanese workers break their backs for their employers. There is a cultural expectation in Japan to work an insane amount hours if the company needs it.

Iwata may have given himself a paycut, but Nintendo workers were also putting in record crunch times.

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#29 Posted by Boddicker (4458 posts) -

Activision said they cut most of the jobs from idle positions (esports, marketing, etc). They cut very few actual game development jobs from what I heard.

I never really cared for Activision with most of their focus being on CoD/Destiny. I saw the writing on the wall with Blizzard as soon as they merged with Activision. They held on longer than I thought they would.

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#30 Edited by AJStyles (637 posts) -

Game developers are contractors.

You should NEVER feel bad for contractors. That is the career path they chose.

They will find a new developer job somewhere else or find a new career.

“Derp it sucks for their families”....

Well maybe they should have picked a better career instead of coding for minimum wage and living in one of the most expensive areas in the world before starting a family.

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#31 Edited by KungfuKitten (26321 posts) -

@vl4d_l3nin said:
@Litchie said:

Yeah, Iwata wasn't a disgusting egoistical piece of shit like most western CEOs. Of all big game companies in the world, Nintendo is probably one of the best to work at.

Japanese workers break their backs for their employers. There is a cultural expectation in Japan to work an insane amount hours if the company needs it.

Iwata may have given himself a paycut, but Nintendo workers were also putting in record crunch times.

Oh I would believe that immediately. The suicide rates in Japan related to jobs and job loss are crazy high.

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#32 Posted by pyro1245 (4828 posts) -

Wow. 800 salaries is enough for 4 or 5 $15M bonuses.

Disgusting corporate attitude.

Somehow I don't think a new CEO with a fat stack of cash will fix much for them.

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#33 Posted by Phreek300 (642 posts) -

I will take the same stance that I take with EA on Activision/Blizzard. I am done buying their games. I will miss Diablo (if a good main game ever gets made again). Otherwise they can take a hike. This Oligarchy we have in the US is just shameful at this point. We are in the territory of Rome when it fell to corruption and greed. Speak with your wallets ladies and gentlemen. By the by, I hate saying that because I know that the CEO will get a golden parachute package and we will F the common worker. But this is the only way we can fight back against the greed that now controls our hobby.