ACTIVISION BLIZZARD

Activision Blizzard ( ATV) is cutting almost 10% of its workforce after wrapping up development on a fighting game follow up called "Diablo III." The company said that the cuts would come from the Blizzard Entertainment unit. The majority of the layoffs, however, will not be related to game development.

The company had 7,300 employees as of the end of 2011.

"Over the last several years, we've grown our organization tremendously and made large investments in our infrastructure in order to better serve our global community," said Mike Morhaime, head of the Blizzard unit. "However, as Blizzard and the industry have evolved we've also had to make some difficult decisions in order to address the changing needs of our company,"

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