Activision Blizzard announced in today’s fourth quarter results conference call that despite a record year in 2018, the company will be laying off employees. CEO Bobby Kotick states that it will “reduce complexity and duplication.” “We’re staffing up production on our incubation efforts faster, and increasing our investment in live services, in our tools, in our Battle.net platform, and in new areas like our fast growing e-sports and advertising efforts, but all with an intense focus on excellence, so we never disappoint our players,” said Kotick. Blizzard is refocusing their efforts to better align development and production resources with their priorities. They are reducing and eliminating investment in games and initiatives that were not living up to expectations. To improve execution and fund development investment, they are reducing complexity and duplication in back offices, consolidating commercial operations, and revamping marketing capabilities. Later in the conference call, Activision COO Coddy Johnson stated they will be laying off about 80 percent of its employees. That equals hundreds of employees given the size of Activision Blizzard. Later in the earnings call, Activision COO Coddy Johnson stated that the company will be laying off “approximately eight percent” of its employees, which amounts to hundreds of layoffs given the size of Activision Blizzard. Activision also stated that Blizzard will not be releasing any major new games this year, however the Diablo development team will be growing. “Overall, Blizzard’s management is reinforcing its pipeline with more resources than ever before to support planned mobile titles, several PC and console releases, and WoW’s continued cadence of content,” said Johnson.