Following rumours, then confirmation, that Activision-Blizzard had cut 8 per cent of its global workforce in spite of record revenue, the company's annual Form 10-K report - published on 28th February - acknowledges to its investors that the consequences of these layoffs "could negatively impact [its] business".
The statement also says that the "actual savings" from the layoffs "may vary materially based on factors such as local labour regulations, negotiations with third parties, and operational requirements", admitting "estimates and assumptions are also subject to significant economic, competitive and other uncertainties, some of which are beyond our control" and that making 800 people redundant offers "no assurance that our business will be more efficient or effective than prior to implementation of the plan, or that additional restructuring plans will not be required or implemented in the future".
"In February 2019, we announced a restructuring plan under which we plan to refocus our resources on our largest opportunities and to remove unnecessary levels of complexity and duplication from certain parts of our business," Activision-Blizzard said via the 306-page statement (thanks, PC Games Insider).
from Eurogamer.net
by March 03, 2019 at 04:17AM
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