Electronic Arts has announced a restructuring plan that will result in the loss of approximately 6% of the company’s workforce. The boss of the company believes that EA “acts from a position of strength”.
Electronic Arts, the giant behind successes such as the FIFA series, The Sims or Dead Space, intends to lay off approximately 6% of staff. Company representatives have not announced the exact number of people affected. However, since in the last annual report (end of March 2022) it was reported that the company employs 12,900 people worldwide, it can be estimated that management will lay off 775 employees.
As GamesIndustry.biz reported, the layoffs are part of a restructuring plan that also includes cutting property spending and focusing efforts to take advantage of better growth opportunities.
According to company reports filed with the Securities and Exchange Commission, The company’s shares are expected to generate savings of $170 million to $200 million. The whole process should be completed by the end of September this year.
In a note to employees, Electronic Arts CEO Andrew Wilson noted that the company continues to operate from a position of strength and will focus on priorities such as creating games with large communities going forward. , make the most of these communities and “create interactive games”. . stories that will become hits.
Finally, it should be noted that while layoffs still spell trouble for many people, those predicted by EA are in line with current trends in technology markets. Recall that at the beginning of this year Microsoft announced the separation of approximately 10,000 employees (about 5% of the workforce). By contrast, in the case of Google, it will be 12,000 people (6% of the workforce).
Introverted by nature. From an early age, he felt closer to humanism than to science. Instead of math exercises, he preferred to lock himself in his world and invent new stories from his favorite anime: Dragon Ball. After years of study, came a moment of stagnation, which he preferred to call “the search for a goal”. Seeking destiny at the 58th screening of his beloved Die Hard, he decides, like John McCLane, to fight for a better future. He found a way to do it on GlobeLiveMedia. Since you’re still a freshman in the newsroom, you don’t yet have a target topic you want to focus on. So you can expect news on farming sims or the impact of Johnny Depp’s lawsuit on the future of Pirates of the Caribbean. If you’ve ever heard that playing console games and watching movies is useless, remember this story.