Posted 2/28/2024, 9:18:20 PM
EA Lays Off 5% of Workforce, Shifts Focus to Owned IP and Online Games Amid Industry Downsizing
- EA laying off around 670 workers, which is 5% of its global workforce
- EA sunsetting some games and moving away from future licensed IP
- EA will double down on owned IP, sports offerings, and "massive online communities"
- Cuts meant to allow EA to "drive creativity, accelerate innovation" and focus on biggest opportunities
- Cuts come amid an ongoing wave of layoffs across the industry in past 18 months, now totaling nearly 18,000 jobs lost