3 ms·
Activision-Blizzard is a publicly-traded company. In such situations, the priority on "human" or emotional type issues comes second to the quarterly numbers, w
by mancerayder 8y ago
Activision-Blizzard is a publicly-traded company. In such situations, the priority on "human" or emotional type issues comes second to the quarterly numbers, which investors look at. Is this good, bad? I don't know, but it's one of the perils of working for a publicly-traded company. Having worked in banking for years, a yearly layoff-and-hire cycle happened over and despite profits-reported. Investors care about future earnings more than they care about "community" and "communication," "best companies to work for" and some other words tossed around below. And I'm not saying this is a good thing, I'm only reporting what I observe as the explanation.
- el_cujo 8y agoAlso despite having a "record year", Activision/Blizzard's stock has dropped almost 50% from where it was in September 2018, which I think was at least started by the PR blunder that was the Diablo Immortal announcement. The article doesn't really give any context into what the CEO meant by "record year" or even when he said it. If he'd said it back in August maybe that would make sense, or maybe it was a business move where you "look on the bright side" when things are looking shitty, but based on their stock price I'm not at all surprised they're having lay offs and restructuring.
- deleted 8y ago[deleted]