Activision Blizzard Reports Record Revenue as They Fuck Over 800 Employees

Culture
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As @Melizmatic is wont to say, unfuck Bobby Kotick.

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late stage capitalism…

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I wonder if my two friends who work(ed) there, who I more or lost lost touch with since quitting Facebook, still have their jobs. And how they feel about them if they do.

A few years ago I had an offer, really more of a strong invitation to apply, but my spouse didn’t want to move to California and I didn’t think the salary they were offering made up for the greatly increased housing costs. Then I got out of the industry entirely. Still not in a union, but also getting screwed over a lot less.

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I imagine subscriptions to WoW are way down from the heyday. Anyone who was working in that department should have known that they were on borrowed time.

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i’ve subscribed for over 10 years, and i am not going to unsub because of this. it’s not fair to the employees to do that – after all, i still enjoy the games they make. but it sure sucks. i hope they unionize.

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Headline burn:

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According to the beverage industry trade outlet Just Drinks, “PepsiCo announced its annual results, which showed a 1.8% increase in revenues to $64.6bn and organic growth of 3.7%. Net profit surged to $12.6bn from $4.9bn. The company is predicting organic growth of 4% for the new financial year.”

That’s about a 158 percent increase in annual profit. So why is PepsiCo automating if it’s already immensely profitable? The simple answer is: because it can.

Layoffs are no longer a sign of a company’s failure, they’re an inherent failure mode of capitalism.

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They’re trying to make as much as they can now because they know that their revenues are all going to dry up soon, when no one is able to afford to buy a can of pepsi anymore.

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Employing people was never a goal of Capitalism. It was just a necessary evil so the owners could profit. Now that automation is on the horizon, expect major layoffs on all industries. Even retail is getting hit, hard.

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plus don’t forget that the companies and 1% will fight against UBI since that will take money from them. They would rather burn it all down and sit in the ashes than try to make the system work long term.

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If “people should have to work to eat” were really a thing like capitalists claim, the following things wouldn’t exist:

  • inheritance
  • investment income
  • property income (i.e. rent)
  • royalties
  • licensing fees

As it is, it turns out that they think that only people who don’t have enough wealth to survive off of any of the above should have to work to eat.

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