This is what they said to their share holders on the earnings call which could send Bobby to jail if it was proven to not be true:
Activision will take a multi-pronged approach to funding that investment. First, the company will lower priority for games and initiatives that are not meeting expectations. Second, Activision will cut costs by integrating many of its sales, marketing, and sponsorship positions across the business, and lay off about 8% of its total workforce, removing what the company called "unnecessary levels of complexity and duplication" in certain parts of the business. With an estimated 9,600 employees last year, that means the company will reduce its staff by nearly 800 workers.