EA Increases Cuts to 1,000 Jobs

Lee, Michael
December 2008
Red Herring;12/19/2008, p1
Trade Publication
The article announces that video game publisher and developer Electronic Arts (EA) will lay off 1,000 people by March 2009. According to the article, the company's decision is an increase on its previous announcement that it would cut 600 jobs, or 6 percent of its workforce. EA expects the move to save the company $120 million a year, though the company also expects a $55 to 65 million in restructuring charges over the next few quarters. EA will also close or consolidate 9 studios, including Need for Speed developer Black Box Studio.


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