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’Activision Blizzard cuts hundreds of jobs despite ‘record revenue’ year’

Polygon:

Activision Blizzard leadership made widespread layoffs today, cutting 8 percent of its staff — or about 800 jobs — despite posting “record-setting” revenue for its 2018 fiscal year.

The news comes from Activision Blizzard’s fourth-quarter earnings call with investors today. Those affect by the layoffs were described as being in “non-development roles” on the earnings call by Activision Blizzard CEO Bobby Kotick, who said the company will still continue to scale up development-focused positions.

Fuck right off, Activision.

This process makes me sick. I recognize that business isn’t something where people are being altruistic, but I don’t understand how higher than ever revenue results in massive layoffs. Especially when they give a dude a $15 Million sweetener to join the company.