EA says it will lay off a further 4 percent of its workforce as it either consolidates or closes down “at least nine” of its studios. Including the company’s recently-announced headcount reduction, this brings the company’s planned layoffs to 10 percent of its total — 1,000 employees.
..EA recently said its key titles underperformed in the latter part of this year, and as such, alongside the uncertain economic environment, it would need to reduce its financial estimates — and its title portfolio — into the new year. It also recently abandoned its plans to open a third location in Vancouver.
“EA is implementing a plan to narrow its product portfolio to focus on hit games with higher margin opportunities,” said the company in a statement.
“The company remains committed to taking creative risks, investing in new games, leading the industry in the growing mobile and online businesses, and delivering high-quality games to consumers.”
