Activision cuts 500 jobs
It's not just big franchises that are falling victim to Activision's big financial chopper there are plenty of jobs going as well.
Activision has announced the "separation" of 500 jobs along with the cuts of franchises like Guitar Hero and True Crime.
Their latest financial filing states: "The plan will result in the separation of approximately 500 employees. The plan is expected to be implemented in the quarter ending March 31st, 2011, resulting in a net pre-tax charge in the first two quarters of 2011, which is expected to total between $35 and $50 million, comprised of severance costs, the costs of other separation benefits and other exit costs."
So far the job cuts include 25 percent of the staff at Vicarious Visions and the closure of both Bizarre Creations and 7 Studios.
Thanks Develop Online.
- Microsoft announces the feature list for the November Xbox One update
- EA Sports patches in some more missing features for the next-gen versions of NHL 15
- Blizzard begins rolling out a new patch for Starcraft II
- Far Cry 4 Season Pass details announced
- Shinji Mikami: I never use women as objects in my games
- Microsoft releases the first trailer for Halo: Nightfall TV series, first episode to premiere at Halo Fanfest
- Silence – The Whispered World 2 announced for Xbox One
- Titanfall to get its very own Horde mode called Frontier Defense
- John Riccitiello joins Unity as their new CEO