Activision layoffs!

Last week the gaming giant Activision reported a record financial performance. In recent news from the company starting from the end of 2018 they parted ways with their Chief financial officer (CFO) Mr. Neumann for a breach in his contracted agreement where he was in talks with and interviewed by Netflix for the job of CFO in their company.

Activision then appointed Mr. Durkin as their new CFO, this was followed by a signing on bonus of $15 million worth of awards. This probably includes shares in the company however the details have not been released for obvious reasons.

The atmosphere at Activision and in particular Blizzard Entertainment was very ropy to say the least. The employees were offered a more favorable deal from the company to part ways with an offer of up to a years pay to resign. This was accepted by hundreds of employees who saw the writing on the wall, however during the next few months rumors were circulating that hundreds of jobs will be lost for employees of Activision Blizzard.
This culminated in the Activision report that stated they had reached record financial figures that year!
this was immediately followed by the mass layoffs of almost 800 staff.
Reports stated that several of those employees were crying in the car parks after the loss of their jobs.

Activision were already seen as a bane on the industry by several games enthusiasts however this has really put the public in a state of awareness. Comparisons to the late Nintendo chief Iwata who took a massive pay cut of 50% twice in order to save the jobs of hundreds of employees was thrown into the discussion.
He stated that the reason he took a pay cut was to help with the morale of the staff as they would not be able to create content that would could admire throughout the world if their jobs were on the line.

This was very admirable. Personally I do not know what is going on at the company or what they aim to do however I am certain that this is not going to bode well for them as the consumers were already angered at the company, now even more so.
There are even partitions to remove the CEO Mr. Kotick from power which are already in the thousands of signatures. If these people spoke with their wallets then this could spell disaster for the company who has already dropped almost 50% of its stock value with no hint of a resurgence in sight.