within the report to investors on quarterly earnings, Activision Blizzard has confirmed that it will fire "around 8%" of the personnel.
The company currently has 9600 employees, which means that 770 / 800 staff members will be fired. In the report, the new CEO of Activision Blizzard, Bobby Kotick, wrote that, although the financial results of the company in the 2018 "They were the best of our history, we had not realized our full potential". As a result, the size of development teams for key franchises - including Call of Duty, Candy Crush, Overwatch, Warcraft, Hearthstone and Diablo - will increase by approximately 20% in order to "Accelerate the pace and quality of content for communities and [to support] a series of new initiatives".
However, the publisher also stands "De-prioritizing initiatives that do not meet expectations and reduce some non-development and administrative costs related to the business".
Although Activision Blizzard did not specify which areas of the business would be affected, Kotaku reports that layoffs will affect Activision, Blizzard, King and studies such as High Moon. Those concerned are promised a "complete" treatment package, health benefits, career coaching, job placement assistance, and earnings bonuses for the previous year. A "soft" transition is being attempted, however much it may be to lose the job.