Activision-Blizzard predict cuts may have negative impact

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Published by FileTrekker 3 years ago , last updated 3 years ago

We've reported previously on the major shakeups going on at Activision-Blizzard, with major staff layoffs, and the announcement that Blizzard had no new games in the works for this year, despite the company reporting record profits.

It now seems that the company may be coming to regret that decision. The company's annual 10-K report has made admissions that the company may face serious impact as a result.

There were other admissions within the document too, warning that the company had to focus on delivering consistently popular, high quality content in a timely manner, for fear of loosing out to the competition, something that will also prove difficult with such a hugely reduced workforce.

Infact, the phrase "negatively impacted" appears within the document no less than fifteen times.

This isn't too unusual for a 10-K form, however, as most companies must declare their potential impacts and pitfalls in the upcoming year. Other possible issues include the company relying too heavily on existing franchises, with most of the profits coming from those games, and that any failure of a game based on such a franchise could result in a major loss in revenue.

Stay tuned to GameFront for more as we get it.

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