Activision to lay off 800 workers as video game sales drop
Updated : February 13, 2019 05:36 PM IST
The cutbacks announced on Tuesday illustrate the boom-and-bust cycles in an industry whose fortunes are tied to video games that can have a relatively short lives before players move on to the next craze.
Although Activision also still owns popular games such as "Call of Duty" and "Candy Crush," it expects its revenue this year to fall by about 20 percent to $6.03 billion.
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