Gaming (6054)

EA announces loss, 1500 jobs to go

Cutting 17% of workforce

11 November 2009 11:55 GMT / By Amy-Mae Elliott

After revealing a net loss of $390 million for the the second quarter of 2009 (an even bigger negative than the loss of $310 million in Q2 2008) EA has announced cost-cutting measures.

Those measures include cutting its workforce by 17% - seeing a loss of 1500 positions - a move expected to save around $100 million per year.

This move is likely to be controversial among staff losing their livelihoods considering EA has only just announced a $300-$400 million buy-out of Playfish.

Playfish makes casual games for social networking and other digital platforms, a rapidly growing market in which EA it seems is looking to for the future in a changing games landscape.

Via: usatoday.com

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