Last month, despite record earnings, Activision-Blizzard announced the dismissal of over 800 employees, a move that, according to the executives, was necessary to streamline production processes and prepare the company for the future.
Apparently, the operation may not have the desired effect, as the same company states in the last Form 10-K report a document dated February 28th drawn up for the US Securities and Exchange Commission (SEC). As you can read on page 12, the company "may not obtain the expected financial and operational benefits following the recent restructuring plan, and its implementation could negatively affect business".
The reasons? "Implementing this restructuring plan could be costly and time consuming for our business, or have very bad consequences, such as a negative impact on employee morale and productivity, or on our ability to attract and keep us tight the brightest employees "it reads later.
Activision-Blizzard, by his own admission, could seriously regret the move taken last month which has severely reduced the force work. The words "negatively influence" moreover, often occur within the document. For example, you can read them on page 11: "If we do not constantly and in a timely manner release popular and high-quality content, or if customers prefer competing products, our business may be adversely affected". On page 12, however, emphasis is placed on the reduced number of franchises: "Since we depend on a limited number of franchises, any failure to meet the expected objectives of one or more of these franchises could have negative consequences on business ".