EA to Fire 1,000 Employees; Close 9 Locations
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December 19th, 2008
The gaming industry has also felt this nasty economy crisis. EA, one of the big names in the business is ready to reorganize itself. I has announce restructuring plans which include firing 1,000 employees and closing 9 studio and publishing locations.
The company announced in October that it will cut 6% of its workforce and now it looks like they went to 10%. Those 1,000 people will be let go by March 31st, 2009. This whole restructuring process combined with the company narrowing its games portfolio will save the company about $120 million annually but it will also cost them $55-65 million in the following quarters.
via Press
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