Electronic Arts Plans to Lay Off 5 Percent of Employees, Wave of Cuts in the Games Industry

GARTON – Video game company Electronic Arts (EA) plans to lay off around 5 percent of its total employees, equivalent to around 650 people.

The move was announced in a report filed with the Securities and Exchange Commission last Sunday.

In a memo sent to EA employees, CEO Andrew Wilson wrote that the company would “streamline its operations to provide more immersive and connected experiences for fans everywhere.”

EA also hopes that the layoff process can be completed in the early second quarter of 2024.

Also Read: Google Play Store Presents the Fun of Exploring the Santa Tracker Game

Wilson also added that these cuts will help EA focus more on its “biggest opportunities – including its proprietary intellectual property rights, sports and large online communities.”

In addition to layoffs, EA will also reduce office space and stop several video game development projects.

This move adds to the long list of layoffs that have rocked the video game industry since last year.

Also Read: OnePlus 12R Genshin Impact Edition: Game Themed Smartphone with Awesome Design

Reporting from Engadget on Saturday (2/3/2024), more than 10,500 video game workers will lose their jobs in 2023.

In January 2024 alone, more than 6,000 people in the gaming industry were laid off.

Other video game companies that have laid off employees include Microsoft, Riot Games, and Unity.

Sony also joined in this wave of layoffs by announcing layoffs of around 900 people from its PlayStation division last week, about 8 percent of their total employees.

Also Read: UGM Creates Children’s Game for Disaster Mitigation Learning

One of the projects directly impacted by this move is the Star Wars first-person shooter game being developed by Respawn, a game studio acquired by EA in 2017.

By yowuj