Game company Electronic Arts is laying off about 6% of its workforce
Popular video game company Electronic Arts (EA) is laying off about 6 percent of its workforce amid global macroeconomic uncertainty.
According to reports, EA had about 13,000 employees last year, meaning a 6 percent cut could cut about 780 jobs.
EA CEO Andrew Wilson told employees in a blog post that as the company becomes more focused across its portfolio, “we’re moving away from projects that don’t advance our strategy, reviewing our real estate footprint and reorganizing some of our teams.”
“These decisions are expected to affect approximately six percent of our company’s workforce. This is the most difficult part and we work through the process with the utmost care and respect,” he added.
The company offers affected employees opportunities to transfer to other projects.
“If that is not possible, we offer severance pay and additional benefits such as healthcare and career transition services. Communication of these decisions began earlier this quarter, and we expect them to continue through the beginning of next fiscal year,” Wilson said.
However, business is gaining momentum as the company continues to deliver high-quality games and amazing content.
“EA SPORTS FIFA 23 is shaping up to be the biggest game in franchise history. Apex Legends’ performance is strong on the heels of a memorable 4-year anniversary event, and The Sims fuels the imagination and engagement of its passionate community,” said the CEO.
According to a filing with the US Securities and Exchange Commission (SEC), EA will incur approximately $170 million to $200 million in layoffs and restructuring costs.
EA fired around 200 Apex Legends testers in February over a Zoom call, according to a report from Kotaku.
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