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Chronicles

The story behind the story

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EA plans to lay off ~6% of its workforce and cut its office space, incurring $170M to $200M in restructuring charges; EA had nearly 13,000 employees in mid-2022

Publisher of ‘Madden NFL’ and other videogame series is also making office-space reductions  —  White-Collar Recession: Why Job Cuts Are Hitting Professional Workers

Wall Street Journal Sarah E. Needleman

Discussion

  • @sweetpotatoes Nicole Carpenter on x
    EA is laying off hundreds despite a net income of $204 million last quarter and $1.3 billion in gross profit. Layoffs began earlier in the year, and will continue through “early next fiscal year,” around October. https://twitter.com/...
  • @benjisales Benji-Sales on x
    EA is restructuring and laying off 6% of staff, resulting in hundreds of job cuts EA CEO Andrew Wilson says the company “is operating from a position of strength” https://www.gamesindustry.biz/ ... https://twitter.com/...