Activision Blizzard has agreed to pay around $54 million to settle a significant gender discrimination lawsuit filed by the California Civil Rights Department (CRD). The settlement aims to address allegations of gender discrimination, including pay inequality and fostering a hostile "frat boy" work culture. The payout partially goes directly to affected women who worked at the company between October 2015 and December 2020. Additional funds are slated for charities supporting women in gaming and promoting workplace gender equality. This lawsuit impacted the gaming titan's public image and market value, which was notably a factor in Microsoft's acquisition of Activision Blizzard. As the deal concluded, it's confirmed that Activision CEO Bobby Kotick will step down by the end of 2023, with a successor yet to be announced.

How does the Activision Blizzard settlement impact current and former employees?

The settlement provides direct monetary relief to female employees and contractors who were associated with Activision Blizzard between October 12, 2015, and December 31, 2020. It also promises additional measures to ensure fair pay and promotion practices in the future to improve the working environment for all employees.