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Activision Blizzard lose their second CFO in a single week

Published: 18:12, 04 January 2019
Activision
Picture of Call of Duty Black Ops 4 logo with Blackout printed over it
Call of Duty Black Ops 4

We're fairly confident that this was not Activision Blizzard's ideal way to start 2019 but it looks like they just can't catch a break. It now turns out that Blizzard's CFO, Amrita Ahuja, will also leave the company for greener pastures.

Ahuja will be leaving to join Square Inc, a mobile payment company founded by co-founder and CEO of Twitter Jack Dorsey, who quickly took to his own platform to voice his delight over his new "purpose-driven, disciplined" and growth-oriented executive.

"I'm incredibly inspired by Square's purpose as it has personal resonance for me”, Ahuja said, explaining that her parents were the type of entrepreneurs that would've benefited greatly from her new company's business endeavour. 

Ahuja will be leaving Blizzard after eight years of working in different finance and strategy roles. The statement does not provide a fixed date and instead says that Square's new executive starts work "in January". 

Unfortunately for Activision Blizzard, the outcome means they'll be starting the year without two high-ranking executives, seeing as how Neumann has already confirmed that his new workplace is Netflix. That being said, it doesn't seem as if he parted with the company on the best of terms.

As stated in Activision Blizzard's Securities and Exchange Commission (SEC) filing from 31 December 2018, Neumann has been notified of the company's intentions to terminate his employment. Interestingly, the filing insists that this has nothing to do with "the Company’s financial reporting or disclosure controls and procedures." 

"Mr Neumann has been placed on a paid leave of absence from the Company pending an opportunity for him to demonstrate why cause does not exist to terminate his employment or why termination of his employment is not otherwise justified", the filing says.

Blizzard picture showing blizzard logo on dark blue background Blizzard Entertainment

Activision Blizzard have been making the headlines for all the wrong reasons lately and most of them seem to point at financial trouble at the company. Blizzard are trying to cut costs by improving severance packages in some of their studios but it increasingly looks as if they're going to have a much tougher time than they expected.

You can find Square, Inc's statement here and Activision's SEC filing against Neumann here .

Call of Duty: Black Ops 4 by Treyarch, Beenox and Activision

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