EA Plans Job Cuts, Cancels Titles, Aims to Close “Several Facilities”
Yesterday Electronic Arts announced it plans to slash over 1,500 jobs by March 2010 as a cost-reducing measure. Since October 2008 EA has already eliminated over 1,000 jobs.
The world’s second largest video game publisher said it will concentrate its efforts on products bearing “higher margin opportunities.”
“This action will result in the closure of several facilities and a headcount reduction of approximately 1,500 positions, of which 1,300 are included in the restructuring plan,” stated the publisher. “This plan will result in annual cost saving of at least $100 million and restructuring charges of $130 to $150 million.”
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