Activision Blizzard Adds to the Unemployment Problem
Blizzard Entertainment, the creator of the popular World of Warcraft video game, is cutting 600 jobs. The Irvine, California-based company, a unit of Activision Blizzard (NASDAQ:ATVI), said that 90 percent of the firings will be in the video-making department.
Don’t Miss: DreamWorks Falls Out of the Sky.
Activision lost approximately one million customers during the third quarter, and in an attempt to rectify the decline in paying subscribers, the company tried to reduce defections from World of Warcraft.
According to company filing yesterday, Activision had 7,300 employees, including part-time workers. Despite setbacks, the company plans to release Diablo III soon and may release updates to other online games. Activision’s shares were unchanged at $12.04 at 2:15 p.m. in New York.
To contact the reporter on this story: Diallah Haidar at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org