The video game industry isn’t done with its bad news, it seems. Bloomberg reported that Activision Blizzard plans to lay off hundreds of people in a restructuring aimed at centralizing functions and boosting profits.
The Santa Monica, California-based company is one of the largest companies in the global game business, but it has hit a tough patch, with slowing game sales and increased competition. Bloomberg cited unnamed sources who are familiar with the layoff plans. A spokesperson for Activision Blizzard declined to comment to me. This news follows a week of bad news for game companies.
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