Activision Blizzard to lay off hundreds in Irvine and Santa Monica starting next month

As a seasoned reviewer of the digital landscape, having witnessed countless transformations in the tech industry, I find myself saddened by the recent news of job cuts at Activision Blizzard. With over two decades of gaming under my belt, I’ve seen the birth and growth of many iconic franchises that have shaped our collective pop culture experience.

Beginning next month, the well-known video game corporation, Activision Blizzard, plans to reduce its workforce at both its Irvine and Santa Monica branches. This decision comes as Microsoft Corporation, their parent company, aims to decrease expenses within its gaming sector.

Approximately two weeks ago, employees at the video game company based in Santa Monica were informed about upcoming layoffs. By year-end, it’s anticipated that 140 positions will be eliminated from their Irvine office and 110 roles will be terminated at the Santa Monica location, as indicated in a state notification submitted by Activision Blizzard on September 12.

As a devoted supporter, I’ve learned that our company is planning to initiate layoffs at our Playa Vista branch starting from November, as per a separate announcement. By the end of this year, a total of 143 jobs will be affected.

Microsoft’s decision to dismiss around 650 employees from Activision Blizzard is a part of their global gaming workforce reduction, which equates to 3%. This move comes after Microsoft finalized its acquisition of Activision Blizzard last year, following a thorough examination by antitrust authorities. The $69-billion purchase marks the largest transaction in video game history.

Earlier this month, Phil Spencer, the CEO of Microsoft’s Gaming division, communicated via email that these cuts are aimed at streamlining the organizational structure post-acquisition and managing our business operations. The roles impacted primarily fall under “corporate and support roles.” (Paraphrased from Variety)

As a discerning film critic, I find it fascinating to observe the behind-the-scenes shakeups that often precede the release of a blockbuster movie. In the case of Southern California’s media landscape, the recent layoffs appear to mirror this dynamic, with key roles such as recruitment, IT, and human resources being relegated to the cutting room floor. This streamlining process is reminiscent of a director’s decision to trim unnecessary scenes for a more focused narrative. The question remains: What story will unfold next in this ever-evolving cinematic saga?

Read More

• TOMI PREDICTION. TOMI cryptocurrency
• PORTAL PREDICTION. PORTAL cryptocurrency
• GAMI PREDICTION. GAMI cryptocurrency
• Silver Rate Forecast
• Brent Oil Forecast
• SOL PREDICTION. SOL cryptocurrency
• CTSI PREDICTION. CTSI cryptocurrency
• ID PREDICTION. ID cryptocurrency
• KIN PREDICTION. KIN cryptocurrency
• SLND PREDICTION. SLND cryptocurrency

2024-09-27 23:01