EA details restructuring plan, laying off 10% of employees
Sad news from EA: The company plans to lay off 10% of its workforce, representing about 1,000 jobs, by March 31, 2009. The new figure represents a 4% increase from the previously stated layoffs announced in October. EA's restructuring plan, which also includes "consolidating facilities," is expected to cut annual costs by $120 million.
Nine studios and publishing locations will be closed by the company, including Black Box Studio (Need for Speed) in Vancouver, British Columbia, which will move its remaining staff to EA's studio in Burnaby, BC -- the company recently killed plans for a third Canadian studio. The publisher also states it plans to focus on hit games with "higher margin opportunities." Although EA claims it's "committed to taking creative risks," there's nothing more that gamers gobble up like a good sequel ... year, after year, after year.
