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Massive layoffs looming over EA
Brian Ambrozy
November 9, 2009 3:52 PM ET in Gaming
An anonymous source within EA today informed us that in the coming weeks, a huge number of EA staff will be laid off, and some of the layoffs have started today.
No word on exact numbers or where the layoffs will be coming from, but our source stated “15%-20%. I would guess 1500+”
From what we have heard, layoffs are coming across the board, from every studio, in every department.
An internal memo states,
First, we announced a cost restructuring that involves reducing the number of titles for FY11, enabling us to focus and invest more in our most important franchises and our most promising new IPs. This restructuring involves the elimination of approximately 1,500 jobs across EA. Cuts are being made for titles we are eliminating and in support and corporate areas.* Some team sizes are being reduced and programs that are not working as we’d like are being cut. This is a tough decision that comes with a heavy price for our colleagues – but it is the right decision for EA.* We are sympathetic to everyone that is affected and appreciate everyone’s help as we regroup and move forward.
UPDATE: 4:36pm EST
Financials posted on EA.com
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