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Benzinga
Benzinga
Technology
Anusuya Lahiri

Activision Blizzard Removes 37 Employees, Takes Action Against 44 Others For Sexual Misconduct: Report

Activision Activision Blizzard ATVI Activision Blizzard Inc Wall Street Journal
  • Activision Blizzard Inc (NASDAQ:ATVI) confirmed the exit of 37 employees and disciplinary action against 44 others since July in a bid to address allegations of sexual harassment and other misconduct, the Wall Street Journal reports.
  • The move follows sustained pressure from shareholders, staff, and business partners.
  • Related Content: WSJ Says Activision Blizzard CEO Feigned Ignorance About Employee Sexual Misconduct For Several Years
  • Activision Employees, Shareholders, Sony Demand CEO Resignation
  • Activision was likely to summarize those personnel actions, but CEO Bobby Kotick held it back to avoid possible exaggeration.
  • Activision had collected ~700 reports of employee concern over misconduct and other issues since the July state agency lawsuit against the company over harassment claims.
  • Activision said, "the assertion regarding Mr. Kotick is untrue."
  • Price Action: ATVI shares closed higher by 1.90% at $65.39 on Friday.
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