Activision-Blizzard warns investors that recent mass layoffs “could negatively impact business”
Last month, despite making record revenue, Activision-Blizzard laid off 8 per cent of its global workforce, leaving nearly eight hundred people out of work. The large-scale restructuring is an attempt to appease shareholders by cutting expenses. In its Form 10-K report, however, the company has admitted that the layoffs might not pad executive and shareholder wallets as much as anticipated – and that shockingly, firing a bunch of people may have a negative impact on staff morale.








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