'Activision Blizzard Lays Off 50 Employees From Esports Division; Despite Record Sales Numbers Thanks To Diablo 4' - EuroGamer
Portfolio Pulse from Happy Mohamed
Activision Blizzard has laid off around 50 staff from its esports division, despite record sales of Diablo 4 which helped boost its net bookings to $2.46bn. The layoffs were unexpected and have led to speculation that the esports division may be closed. Despite the success of Diablo 4, Blizzard is beginning to release some of its games on Steam, including Overwatch 2 in August.
July 20, 2023 | 3:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Activision Blizzard's layoffs in the esports division may indicate a shift in strategy, despite record sales from Diablo 4. The company is also releasing games on Steam, potentially indicating a change in distribution strategy.
The layoffs, despite record sales, suggest a potential shift in Activision Blizzard's strategy. The move to release games on Steam, rather than exclusively on its own platform, could also impact the company's future earnings and market position.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100