Activision job cuts: Activision cuts jobs amid Microsoft acquisition deal: Divisions affected, headcount and more – Times of India

Microsoft The deal is yet to be sealed for the acquisition Duty Manufacturer Activision which was announced in early 2022. According to a report by Verge, the gaming studio has reportedly fired around 50 employees from its eSports division amid the acquisition turmoil. It has also been told in the report that the laid off employees were already informed about the retrenchment. according to the report, activism blizzard also planning major changes overwatch league ,OwlThe city-based tournament format of the franchise may also end.
A member of the OWL team who has now been laid off has said that the layoffs were sudden. He also suggested that the company could use a skeleton crew to kick off the OWL and World Series of Warzone seasons. Now the former employee also noted in my view, they are completely unfit to internally support any exports after that. In March 2021, Activision Blizzard also fired around 50 people from its eSports teams.
New deal with Activision overwatch league team owner
In an earnings report, the company announced that it has revised its agreements with Overwatch League team owners through the first quarter of 2023. “Pursuant to the amended terms, following the conclusion of the current Overwatch League season, the teams will vote on an updated operating agreement. If the teams do not vote to continue under an updated operating agreement, a termination fee of $6 million will be payable to each participating team entity” Report highlighted. Activision also noted that the total revenue generated from OWL is less than one percent of the company’s consolidated net revenue.

What the Overwatch League commissioner said about the tournament
“I want to be clear on one thing in particular, that Overwatch remains committed to the competitive ecosystem in 2024 and beyond. And we’re building toward a revitalized global landscape that puts players and fans first. We’re doing everything possible to make the player experience and the fan experience something that people want to look back on, want to be a part of, and get excited about when it’s on.” OWL Commissioner sean miller Said.