Electronic Arts cuts workforce by 5%, cancels Star Wars game
Electronic Arts(EA) Proactive Investors·2024-02-29 15:33
Gaming giant Electronic Arts is Inc reducing its workforce by 5% as part of a broader restructuring plan to limit costs across the company’s operations. According to the latest numbers published in May 2023, EA employs 16,400, meaning around 670 employees will be laid off. EA is expected to incur between $125 million and $165 million in total charges in connection with the restructuring. In a letter to employees, chief executive Andrew Wilson announced that EA will also be “sunsetting games” while “moving a ...