Electronic Arts to Lay Off 6 Percent of Workforce In Restructuring
www.imdb.com- Author: Caitlin Huston
- March 29,2023
Electronic Arts will lay off 6 percent of its workforce, the video game publisher disclosed Wednesday.
This comes as part of the company’s restructuring plan, which will also include office space reductions and portfolio rationalization. In total, Electronic Arts estimates it will incur about $170 million to $200 million in charges related to the plan.
These actions are expected to be completed by Sept. 30, 2023.
In an open letter to employees, CEO Andrew Wilson praised the strength of the company, highlighting the momentum of EA Sports FIFA 2023, Apex Legends and The Sims. But he said the company will now need to focus more on “strategic priorities,” which includes “building games and experiences that entertain massive online communities; creating blockbuster interactive storytelling; and amplifying the power of community in and around our games with social and creator tools.”
“As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy,
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This comes as part of the company’s restructuring plan, which will also include office space reductions and portfolio rationalization. In total, Electronic Arts estimates it will incur about $170 million to $200 million in charges related to the plan.
These actions are expected to be completed by Sept. 30, 2023.
In an open letter to employees, CEO Andrew Wilson praised the strength of the company, highlighting the momentum of EA Sports FIFA 2023, Apex Legends and The Sims. But he said the company will now need to focus more on “strategic priorities,” which includes “building games and experiences that entertain massive online communities; creating blockbuster interactive storytelling; and amplifying the power of community in and around our games with social and creator tools.”
“As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy,
Click here to See Full article
