Activision to Cut 8% of Staff After Delivering Weak Forecast
- Layoffs could affect hundreds of workers at game developer
- Bloomberg reported on the planned job reduction last week
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Activision Blizzard Inc. plans to eliminate 8 percent of its workers as part of a companywide restructuring, an effort to get the maker of Call of Duty back on track after a disappointing sales forecast.
The layoffs would affect hundreds of workers at the company, which expects to record a roughly $150 million expense in connection with the belt tightening. Bloomberg reported last week that the video-game maker was preparing to make the cuts.