The SEC has launched an investigation into Activision Blizzard.

[ad_1]

Activision Blizzard, the video game producer behind Call of Duty and other major franchises, said Monday that the Securities and Exchange Commission is investigating the company for “disclosures regarding employment matters and related matters.”

A press official from Activision said the SEC has issued subpoenas to the company and several current and former employees, but did not provide further details about the focus of the investigation. The official said in an emailed statement that the company was cooperating with the investigation.

A representative from the SEC declined to comment on the investigation. reported by the Wall Street Journal.

Activision spent summer vacation grappling with accusations of sexual misconduct and workplace discrimination. it happened in july to sue by a California employment agency accused of promoting a “sibling-child workplace culture” where men joke about rape and women are harassed and underpaid compared to their male counterparts. Later that month, more than 1,500 workers staged a strike, signing a letter protesting Activision’s initially dismissive response to allegations of misconduct.

Activision’s CEO, Bobby Kotick, has apologized for the company’s initial reaction to the lawsuit on the eve of the strike. Since then, the president of Activision’s Blizzard Entertainment subsidiary, on which most of the allegations in the lawsuit centered, took a step back. action announced announced last week that it has hired two new executives, including a new head of human resources.

This month, the Communications Workers of America, a labor union made a complaint He accused the National Labor Relations Board and Activision of violating labor law by intimidating workers.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *