The company is providing affected employees the opportunity to transition onto other projects.
EA is laying off about 6 percent of its total workforce, cutting about 780 jobs as it cites global macro-economic uncertainties.
Popular video game company Electronic Arts (EA) is laying off around 6 per cent of its workforce amid global macro-economic uncertainties.
According to reports, EA laid off around 13,000 employees last year, which means a 6 percent cut could result in around 780 job cuts.
EA CEO Andrew Wilson told employees in a blog post that as the company focuses more attention on its portfolio, “we’re walking away from projects that don’t contribute to our strategy, reviewing our real estate footprint.” have been, and are restructuring some of our teams”.
“These decisions are expected to affect approximately six per cent of the workforce of our company. This is the most difficult part and we are working through the process with utmost care and respect.”
The company is providing affected employees the opportunity to transition onto other projects.
“Where this is not possible, we are providing additional benefits such as severance pay and health care and career transition services. Communication of these decisions began at the beginning of this quarter and we expect them to continue through the beginning of the next fiscal year.” Will be,” Wilson said.
However, the business is gaining momentum as the company continues to provide high quality games and amazing content.
“EA Sports FIFA 23 is on track to become the biggest title in the franchise’s history. Apex Legends continues to celebrate a memorable 4th anniversary, and The Sims continues to fuel imagination and engagement within its passionate community,” said the CEO.
According to a filing with the US Securities and Exchange Commission (SEC), EA will incur approximately $170 million to $200 million in charges related to the layoffs and restructuring.
According to a report from Kotaku, EA placed around 200 Apex Legends testers on Zoom calls in February.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
