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Electronic Arts to Cut 1,000 Jobs, Close Studios
Electronic Arts, the second-biggest video game publisher, boosted planned job cuts to 1,000, or 10 percent of its work force, and will consolidate or close at least nine studio and publishing locations. At least the announcement comes before the holidays and the cuts won't happen till next year.
The changes, to be carried out by March 31, will yield savings of about $120 million a year and cost as much as $65 million over the next several quarters, the Redwood City company said Friday in a statement. The actions expand on a 6 percent reduction announced in October.
Posted by | Fri, Dec 19, 2008 - 09:31 PM
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