December 19, 2008

Electronic Arts will cut 1,000 jobs, shut 9 development studios

According to Forbes: “The video game maker will eliminate 1,000 jobs and close a development studio.”
“Due to weaker-than-expected sales of its titles during the holiday shopping season, EA is increasing its layoffs to 10.0% of its worldwide workforce, eliminating 1,000 jobs; this is an expansion on its plan to reduce headcount by 6%, first announced in October.

Update: According to “EA is hoping to save about $120 million from the cuts, which will include the closing of at least nine studios.”

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