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Mass layoffs take place at Activision

Developer and publisher Activision has announced significant reductions to its workforce, Joystiq reports.

The Vivendi-owned firm has shut down Spider-Man: Web Of Shadows studio Shaba Games, laying off 61 employees, and halved the workforce at 7 Studios.

"Activision continually evaluates the resources at our studio properties to ensure that they are properly matched to our product slate and overall strategic goals," read a company statement.

"As part of this process, we recently made the difficult but necessary decision to close Shaba Studios. We are grateful for the studio's contributions and wish this talented team success in their future endeavours."

Shaba has previously developed Tony Hawk and the official Shrek tie-in game.

Source: http://www.digitalspy.com/gaming/news/a181501/mass-layoffs-take-place-at-activision.html