Electronic Arts Trims 6% of Its Workforce as Part of A Restructuring …

Video game company headquartered in Redwood City, California, Electronic Arts (EA) has announced plans to trim its workforce by 6%, which is equal to about 800 jobs, as part of its restructuring plan. The company also announced plans to move away from certain projects and reorganize certain teams as it aims to reduce its office space. According to the company’s CEO Andrew Wilson, he disclosed via a press release that the upcoming layoff implementations were communicated to employees at the beginning of the company’s current quarter.

Join Tekedia Capital Syndicate which begins April 8, 2023, and own a piece of Africa’s finest startups.

By joining, you attend Tekedia Venture Investing and Portfolio Management program at no additional cost. John here. Tekedia Mini-MBA (June 5 – Sept 2 2023) opens NEW registrations; beat early bird deadline of March 31 for discounts by registering here. 

In a note to employees, he wrote, 

“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. These decisions are expected to impact approximately six percent of our company’s workforce. “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.”

EA, which had about 12,900 staff at the end of March last year, expects to incur between £170 million and £200 million in charges related to the restructuring. The game sector has grown over the past decade, culminating in an explosive boom during the pandemic.

Combined sales of games, consoles and subscriptions totalled a whopping £191bn globally in 2021. However, following the uncertain economy, video game sales so far this year were flat and spending on video game content across platforms is down at 2%. Mobile gaming has typically offset the losses in console and PC gaming and has been the largest and fastest-growing sector in the industry for years.

But this year’s decline marks a surprising downturn for mobile.

Mobile game spending in the U.S. continues to decline as consumers contend with both economic uncertainties and a new post-pandemic normal. Electronic Arts had to lower its annual bookings forecast in January after it delayed the release of a game based on the “Star Wars” franchise. Also, video game publishers are struggling with a slowdown in player spending in the face of decades-high inflation, a change in fortunes from the significant growth witnessed during the covid pandemic.

Game software company Unity Software Inc., Tencent Holdings Inc.’s Riot Games, and Israeli gaming company Playtika Holding Corp. have all laid off a part of their workforce, but EA’s cuts are the biggest in 2023.

Other companies that have laid off large numbers of employees due to the uncertain economy, include Take-Two Interactive, Meta, twice, Google, Microsoft, and Amazon.

Share this:

Like this:

Like Loading…

Tags:

aden-and-anais listed on couponmatrix.ukconverse listed on couponmatrix.ukcupshe listed on couponmatrix.uksoftwarepal listed on couponmatrix.uksun-transfers listed on couponmatrix.ukzipvit listed on couponmatrix.uk
aden-and-anais listed on couponmatrix.ukAs a parent, you know that babies need a lot of stuff. And that stuff can be expensive! Aden & Anais provide top products for babies and parents alike. We're always on the lookout for ways to help you save money. That's why we offer the top Aden & Anais discount codes for their products. Just enter your code at checkout and you'll get a nice little discount on your purchase. We work hard to find the best Aden & Anais discount codes for you to use on their products. We know that every penny counts when you're a parent, so we want to help you save as much money as possible. That why at Groupon we are always on the hunt for the best offers and deals, so you don't have to break the bank. Check back here for the latest Aden & Anais discounts. If you're looking for a top-performing Aden & Anais product, we recommend the Aden + Anais Classic Muslin Swaddle Blankets. These blankets are made of soft, breathable cotton and they're perfect for swaddling your baby. They're also machine-washable, which is a huge plus for busy parents. Their products are worth the investment and with a little help from our Aden Anais discount codes, you can make them even more affordable. So don't wait, head over to Aden & Anais and start shopping!
converse listed on couponmatrix.ukSlip into a pair of iconic Converse sneakers and give yourself a makeover, dripping in retro cool. Slam dunk a Converse discount code from us onto your next order and you could snap up some classic high tops or streetwear for a fraction of the regular price. With options to customise your trainers and regular sales throughout the year, it’s not hard to see why Converse remains a fashion pack favourite. Whether you’re dressing down a suit or nailing the cool, casual look, Converse will have your back.
cupshe listed on couponmatrix.ukWomen deserve to look and feel their finest whenever they hit the beach, at least that’s the ethos at Cupshe. With over half a decades experience in crafting fun, colourful beachwear for women, you can trust a Cupshe discount code to deliver the style and comfort you want for your next foray onto the sand. Whether you’re all for strutting your stuff in a brand new bikini or hitting the surf in a sleek new swimsuit, Cupshe has got you and your body covered.
softwarepal listed on couponmatrix.ukSoftwarePal is your trusted destination for discounted download software like Windows 10, Microsoft Office and Kapersky. SoftwarePal not only offers competitive prices but also boasts a 24/7, 365-day online tech support team recognised as the best by their customers. With skilled problem solvers and hassle-free remote assistance, SoftwarePal takes the stress out of software-related challenges. Whether you need Windows 10 or expert advice, SoftwarePal is here to save you money while providing unmatched service. Explore exclusive SoftwarePal discount codes on Groupon today for a seamless tech experience!
sun-transfers listed on couponmatrix.ukSuntransfers is an airport transfers site that helps you save money on your traveland holidays. Suntransfers provide low-cost transfers around the world, and we've got a Suntransfers discount code for all the major airlines and travel companies, so you can be sure to get the best deal possible. Whether you opt to fly to Europe or Asoa, trust Suntransfers to secure savings on your trip. At Groupon, we work hard to find the best deals and discounts for our customers. That's why we've put together a page of Suntransfers discount codes. We know that planning a holiday can be expensive, so we want to help you save as much money wherever possible. With our phenomenal offers, you can get a great price on Suntransfers transfers and make your dream holiday more affordable. So whether you're looking for a discount code for your next booking or just want to browse our selection vouchers, we've got you covered. We've got a selection of Suntransfers voucher codes for you to choose from, so you can get the best price on your next booking - be it in Malaga or the Maldives. Start wherever your dream destination may lie, get the best budget transfer from airport to hotel with Suntransfers.
zipvit listed on couponmatrix.ukWelcome to Zipvit, the ultimate outlet for all your health and vitality supplements. Zipvit provides a large range of vitamins from the essentials to the niche, backed by science and proven to improve general well-being. The more we learn the more we understand how important vitamins and minerals are to our daily health and functioning. With your Zipvit discount codes, you can enjoy a healthier and happier you for less. Love health with Zipvit vitamins.