Activision Blizzard Esports Hit With Layoffs As Overwatch League’s Future Remains Undecided
Activision Blizzard has laid off around 50 employees, according to a new report from The Verge. This news arrives the same day Activision Blizzard released its Fiscal Year 2023 Q2 results, which highlights a murky future for the company’s esports efforts despite an otherwise financially successful quarter for the Overwatch 2 maker. Activision Blizzard’s results show that net bookings grew 50% year-over-year in the second quarter, from $1.64 billion to $2.46 billion, due to a lucrative Diablo IV launch, an increase in revenue from various franchises, mobile growth, and more. But, despite that growth, the company laid off around 50 employees in Blizzard’s esports department, The Verge reports. One person laid off told the publication that this round of layoffs “seems like a significant gutting of Activision Blizzard esports,” while another told it, “There was no warning. This was a complete...