Activision Blizzard said layoffs could have potential negative effects on financial performance.
Activision Blizzard said last month that the removal of 8 percent of labor force has the potential to adversely affect their business. In its 10-K annual report, published on February 28, Activision Blizzard tried to warn investors about any risk factors that could affect their financial performance.
Activision Blizzard to Unplug Hundreds of Employees
Activision Blizzard said business cuts may not meet the expected financial and operational benefits. In addition, the interruptions may actually affect their business negatively, he said. The company also noted that cuts could be costly, causing other employees to break up and adversely affect employees' productivity and morale. Kaldır In February 2019, we announced a restructuring plan in February 2019, where we plan to refocus our resources on our greatest opportunities and remove unnecessary complexity and levels of repetition from some parts of our business, in said Activision Blizzard.
Activision Blizzard CEO Robert Kotick says the company's 8 percent of the company's workforce has been downgraded after the publishing giant has talked about "record revenue" during the year. According to this filing process, the company has 9,900 full and part-time employees. Only 140 of the Company's employees are subject to fixed-term employment contracts.