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Report: Activision Blizzard Planning Massive Layoffs

Santa Monica-based Activision Blizzard is planning a set of massive layoffs, which may affect hundreds of people, according to a report on Friday. According to Bloomberg, Activision Blizzard is planning to lay off hundreds of people as it restructures to boost its profitability. Activision has not yet confirmed those plans, which were attributed to sources close to the company.