Activision cuts workforce in Santa Monica HQ

Vikingod · Feb 14, 2006, 02:04 PM

Activision has reduced its workforce by approximately 7 per cent at its Santa Monica headquarters, axing around 150 jobs as the publisher continues to pursue a conservative strategy during the next-generation console transition.

The move is being billed as a "strategic, targeted reduction" which forms part of the company's overall strategy to maintain its presence in the current market and plan for the future by "optimising worldwide cost structure and resource allocation."

The news follows the recent release of Activision's Q3 financial results, which showed an increase of 20 per cent in net revenues - but a noticeably reduced income thanks to soft market conditions, poor sales performance of several key titles and the impact of Microsoft's next-generation console component shortages.
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Read More / Source: GamesIndustry

Feb 14, 2006, 02:04 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Activision cuts workforce in Santa Monica HQ Activision has reduced its workforce by approximately 7 per cent at its Santa Monica headquarters, axing around 150 jobs as the publisher continues to pursue a conservative strategy during the next-generation console transition. The move is being billed as a "strategic, targeted reduction" which forms part of the company's overall strategy to maintain its presence in the current market and plan for the future by "optimising worldwide cost structure and resource allocation." The news follows the recent release of Activision's Q3 financial results, which showed an increase of 20 per cent in net revenues - but a noticeably reduced income thanks to soft market conditions, poor sales performance of several key titles and the impact of Microsoft's next-generation console component shortages. __________ Read More / Source: GamesIndustry