EA joins PlayStation and Microsoft in reducing workforce by 5%
Electronic Arts will cut 5 percent of its workforce as part of a restructuring plan that also includes reducing real estate, the company said Wednesday, as the video game industry struggles to grow amid high interest rates. The company, which makes video games such as “Star Wars Jedi: Survivor,” expects to pay about $125 million to $165 million in expenses for the move. Riot Games, owned by Sony, Microsoft and Tencent, has also laid off thousands of workers in recent months due to a slow recovery in the gaming market…
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