EA Laying Off 6% of Staff as Part of Restructure - News
by William D'Angelo , posted on 29 March 2023 / 2,322 Views
Electronic Arts announced it is laying off six percent of its workforce as part of a restructuring plan. The company plans to optimize its real estate portfolio and focus its efforts on growth opportunities.
The gaming giant has 12,900 employees worldwide at the end of March 2022, which means about 775 employees will be laid off.
Electronic Arts CEO Andrew Wilson said the company is "is operating from a position of strength" and will focus on developing games with large communities based on its biggest IP.
"As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams," said Wilson.
He added, "This is the most difficult part, and we are working through the process with the utmost care and respect. Where we can, we are providing opportunities for our colleagues to transition onto other projects. Where that's not possible, we are providing severance pay and additional benefits such as health care and career transition services."
Thanks, GamesIndustry.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Shame for those employees and we all know they will be some of their lowest paid QA people and such alike. Yet they also just announced a new Respawn Studio to open which at least will create some jobs but good they are doing all they can.
That executive team has decided to cut costs for the benefit of the shareholders. They deemed their employees as the most disposable assets. After all a bit less optimization hardly costs any sales to begin with.
And whilst this step hurts, the executive team (which is unaffected) was willing to make this sacrifice.
They probably feel really bad about it, but they can always cheer themselves up by giving themselves a bonus.
(The part about them feeling bad was sarcastic, the part about the bonus is just business as usual.)
If times are tough they can always add more microtransactions to the game.
