Electronic Arts Inc said on Wednesday it would lay off about 6% of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
announced a second round of job cuts this month. Tech layoffs hit 63,000 in the first two months of the year, according to data from Challenger, Gray & Christmas Inc.
"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," CEO Andrew Wilson said in a blog post. Video game publishers are also struggling with a slowdown in player spending in the face of decades-high inflation, a change in fortunes from the meteoric growth witnessed during the pandemic.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Electronic Arts Says It Is Laying Off 6% of WorkforceElectronic Arts said it is laying off about 6% of its workforce and reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry
Weiterlesen »
Electronic Arts to Lay Off 6 Percent of Workforce In RestructuringThe reductions come as the video game company moves away from some projects and restructures teams.
Weiterlesen »
Electronic Arts to Lay Off 800 Employees, 6% of WorkforceElectronic Arts will cut 6% of its headcount, amounting to about 800 jobs, and reduce its office space, the company announced. The video game company, whose popular titles include “Madden NFL,” &8…
Weiterlesen »
Macy’s Inc. Issues Progress Report on Corporate CitizenshipThe retailer says it’s investing heavily in suppliers, people and products that help create a more equitable and sustainable future.
Weiterlesen »
Without TikTok, what would Americans do with their 53 billion free hours?People are likely to turn to short-form video alternatives from Meta Platforms Inc. (Reels), Alphabet Inc.'s YouTube (Shorts) and Snap Inc. (Spotlight),...
Weiterlesen »
Tacony LAB Community Arts Center: Northeast Philadelphia art center offers free art classesThe Art LAB offers free studio resources, art classes, and art events for anyone looking to channel their inner artist. Watch 'The 215' with MikeFOX29 and BrelandFOX29 tomorrow night at 6:30p.m. on FOX 29! WATCH:
Weiterlesen »