News

Activision Blizzard to See Redundancies

Staff cuts necessary in the short-term, but headcount likely to grow in the future, says company CFO.

In a wide-ranging interview with MCV, Activision Blizzard’s chief financial officer has revealed that the company will cut a number of jobs as it moves to assemble an “all-star team” following the merger of Activision and Vivendi Games.

“With every merger, there is overlap and redundancy, and so the same will be true here,” Thomas Tippl said. “In the short term we will exterminate some of our overlap through redundancy – but we will treat people respectfully.

“Having said that, if you look at our industry, it’s rapidly growing – last year it grew 30 percent. So over time I expect our headcount to grow.”

While operational reviews are still being finalized, Tippl said that the company is planning on providing a ‘screen for success’ criteria that each studio and intellectual property will be measured against.

“I anticipate that there will be franchises, brands, games, projects and studios that will meet those criteria and there will probably be a few that won’t. That shouldn’t be surprising – it’s good business practice. We’ll come out stronger.”