Christopher Lee | Bloomberg | Getty Images
Spectators along with also fans react during the Activision Blizzard Overwatch League Grand Finals in brand-new York on July 27, 2018.
The misery continues to pile on for the video game industry after its top stocks suffered double-digit declines last Wednesday.
Bloomberg reported on Friday of which Activision Blizzard, the video game publisher of blockbuster franchises such as “Call of Duty,” “Diablo” along with also “Warcraft,” plans to announce on Tuesday a round of jobs cuts “which could number inside hundreds.”
The layoffs would likely be part of a restructuring effort as the company faces sluggish sales, Bloomberg reported, citing unnamed sources familiar with the matter.
Activision Blizzard did not immediately respond to a SouthIndianNews.com request for comment on Bloomberg’s report sent outside regular office hours.
Earlier in January, Activision’s stock was sent tumbling 7 percent in after-market hours after the item announced a split via game studio Bungie, which developed the favorite “Destiny” game franchise.
Activision had employed “an entire team full of Destiny support staff” across functions such as public relations, marketing along with also social media, according to a report by gaming news site Kotaku.
Citing two people close to the company, the Kotaku report said there have been limited opportunities for those staff members formerly tied to Destiny to shift to additional teams, along with also members via of which division are “perhaps the most worried about their job security.”