Activision Blizzard in Stormy Waters?

Big.Daddy.Samedi

I found an article published today regarding massive layoffs coming to Activision / Blizzard? I feel for all those spending the weekend wondering if they will have a job next week. This is a pretty crappy thing to do.

You can find the article >> Here << (comicbook.com)

I have to say that usually comicbook.com's information has not been false, so now I just need to ask why this is getting to the public BEFORE the layoffs have happened.

Very unprofessional

Greme

Comicbook information is based on article published on Bloomberg yesterday:
https://www.bloomberg.com/news/articles/2019-02-08/activision-is-said-to-plan-job-cuts-as-sales-of-key-games-stall
It seems they will be making layoffs on the same day as Q4 2018 Results Conference Call, which suggests worse than expected financial results. Looks like they need to make some action to regain some of the investors confidence.
As for Blizzard not announcing it officially yet, I would guess that it takes some time for legal work to be done between the decision is made and the layoffs are announced, especially if we are talking about large amount of people from different parts of company. In this situation I find person that leaked it to the press more "unprofessional" than the company itself. For all we know the people who are getting fired, might be already informed and were just asked to not to talk about it until Tuesday.

Pemmin

It’s a business thing to do

Margaretaville

"In Stormy Waters" kinda sounds like the name of a new Activision game...……..

Scorchien

  woah      ...  We've arrived in last week "Doc"

Big.Daddy.Samedi

This was posted before those articles. Look at the date. Feb 9th is when I posted this... so no not late to the party. Just didn't get seen before the other articles.

Cryomatrix

I think their stock will recover nicely