EA Cuts 1,500 Jobs
After announcing the acquisition of Playfish, creator of social networking games for $300m yesterday, Electronic Arts is now saying that it will also be cutting around 1,500 jobs in an effort to cut costs. EA has not yet confirmed where the job losses will occur, but it will likely be over a range of the company's studios. EA reported a $391m net loss for the third quarter this year, which was up from a loss of $310m for the same period last year. Those sort of figures will have likely prompted the latest round of lay-offs (EA had already shed 1,100 jobs this year before this announcement). The reductions in staff numbers are expected to save around $100m a year, though it may also lead to some projects that are currently in development to be cancelled as EA narrows its focus to more profitable titles.
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