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

Activision Blizzard Inc 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.
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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.