Blizzard has laid off 600 employees, 90 percent of whom are not involved in game development, a statement from Activision Blizzard reads. The cuts do not impact the World of Warcraftdevelopment team, the publisher was quick to assure, and its development and publishing schedules will not be affected.
"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," Mike Morhaime, CEO of Blizzard Entertainment, said. "Knowing that, it still does not make letting go of some of our team members any easier."
In the same statement, Blizzard announced that it is "recruiting and looking to hire qualified developers for a number of open positions."
Source: joystiq
My prediction threads:
Wii U will sell under 40m units (made on 14th September 2012)
PS Vita will sell under 20m units (made on 30th September 2012)
Wii U will sell under 7m in 2013 - I was right