Activision's Plan to Cut Hundreds of Jobs Caps Tumultuous Week

Layoffs are said to be aimed at centralizing operations
The video-game industry has been roiled by tepid forecasts

Attendees walk past Activision Blizzard Inc. signage during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Wednesday, June 14, 2017.Photographer: Troy Harvey/Bloomberg

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By Christopher Palmeri

February 7, 2019 at 9:38 PM EST

Updated on

February 8, 2019 at 2:32 PM EST

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A painful stretch for the video-game industry isn’t over.

Activision Blizzard Inc. plans to announce job cuts Tuesday in the face of slowing sales, according to people familiar with the matter, bringing fresh upheaval after spotty results roiled stocks this week. The shares dropped as much as 2.5 percent to $42.88 on Friday.

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