Electronic Arts Layoffs
ADOTAS — EA will be laying off 10 percent of its workforce, a 1,000 people, which was an increase from an earlier estimate.
The company expects to save about $120 million, and includes the consolidation or closure of nine studio and publishing locations. EA is working on a plan “to narrow its product portfolio to focus on hit games with higher margin opportunities. The company remains committed to taking creative risks, investing in new games, leading the industry in the growing mobile and online businesses, and delivering high-quality games to consumers.”
EA also expects restructuring charges of approximately $55-65 million for 2009. mbia.
The company expects to save about $120 million, and includes the consolidation or closure of nine studio and publishing locations. EA is working on a plan “to narrow its product portfolio to focus on hit games with higher margin opportunities. The company remains committed to taking creative risks, investing in new games, leading the industry in the growing mobile and online businesses, and delivering high-quality games to consumers.”
EA also expects restructuring charges of approximately $55-65 million for 2009. mbia.
Labels: Electronic Arts, layoffs
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