Activision Blizzard Warns Investors That Massive Layoffs Might Hurt The Company

People were unhappy when Activision Blizzard laid off hundreds of employees. As it turns out, the company not only knew it would hurt business, but they are warning their investors of the fact.

According to the publisher's most recent SEC Filing, discovered by PCGamesInsider.biz, Activision Blizzard has a new section of the document, detailing the risk factors involved in headhunting 8 percent of their staff.

The section explains that they are firing around 800 employees in hopes forming "a restructuring plan under which we plan to refocus our resources on our largest opportunities and to remove unnecessary levels of complexity and duplication from certain parts of our business."

They go on to state that this idea, while intended to save the company money, might have some problems. They even claim that there is "no assurance that our business will be more efficient or effective" than it was before the change.

One large expense they're expecting to see is around $150 million in "pre-tax structuring charges" before the end of the year. This is mostly severance packages for the members of staff they lay off.

Activision Blizzard took some bad publicity last February when they announced their plans for the layoffs. Part of that was due to the company also reporting record financial results.