Video game publishing giant Activision-Blizzard is currently in a bit of a rough patch, and that’s bad news for many of the company’s employees. Activision’s stock has been trending steadily downward since late last year, and over the past week, the rate of decline has accelerated dramatically.
The decline in value can be attributed to a handful of problems that have cropped up in recent months. Overwatch and Hearthstone have seen their player growth slow, resulting in lower than expected revenue. Destiny 2’s Forsaken expansion was well-received by fans, but it also failed to generate the revenue Activision had anticipated. Then in January, Activision and Destiny developer Bungie terminated their partnership.
Sources close to the situation believe Activision will respond to their plummeting stock value with a massive round of layoffs. Hundreds of jobs are expected to be cut tomorrow as part of a “restructuring aimed at centralizing functions and boosting profit.” According to Kotaku’s Jason Schreier, many people working at Activision still have no idea if they’ll have a job tomorrow.