Activision Blizzard has shed more than half its value in 4 months, and one strategist says 'stay away'
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Activision Blizzard is reportedly planning to lay off hundredsBloomberg reported on Friday that Activision Blizzard, the video game publisher behind blockbuster franchises such as 'Call of Duty,' 'Diablo' and 'Warcraft,' plans to announce jobs cuts on Tuesday.
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Activision Blizzard earnings and forecast come up short of expectations amid layoffs
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Activision Blizzard falls after missing on revenue and giving weak 2019 guidanceThe gaming company has revealed headwinds in recent weeks, reportedly planning hundreds of layoffs in response to sluggish sales.
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'Apex Legends' Just Made All Activision-Blizzard's Current Problems Even WorseIt’s grim tidings for Activision-Blizzard today, as after its earnings call, there are expected to be significant layoffs across the company as it tries to tighten its belt and get back on track. And EA's Apex Legends is not helping in the least.
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Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and moreSee which stocks are posting big moves after the bell on February 12.
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'Apex Legends' Just Made All Activision-Blizzard's Current Problems Even WorseIt’s grim tidings for Activision-Blizzard today, as after its earnings call, there are expected to be significant layoffs across the company as it tries to tighten its belt and get back on track. And EA's Apex Legends is not helping in the least.
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Activision Blizzard to lay off 8% of workforce – more than 780 employeesThe company is laying off approximately 8% of its workforce in the face of drastically lowered revenue expectations for 2019. Based on a reported workforce of 9,800, more than 780 Activision employees could be out of a job in the coming months.
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Activision Blizzard has lost half its value in 4 months, but traders are betting big ahead of earnings next weekVideo game stocks have been hit hard as competition in the space rises. Traders are betting on Activision Blizzard ahead of next week's earnings, despite disappointing results from Electronic Arts and Take-Two Interactive that have hit the stocks hard this week.
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