With the economy screwing over people left and right, its not a big shock to hear that EA jobs may be the next on the line. At least, that’s what Lazard Capital Markets analyst Colin Sebastian seems to think. From his comments:
“Importantly, we believe EA is continuing to review its cost structure and franchise base, and it is possible that management will announce further cuts in headcount and the development pipeline (including existing franchises) over the coming quarters.”
While titles like Dead Space and FIFA 09 have performed well, reviews have remained mixed on many of their other offerings, including the much-hyped Mirror’s Edge. Sebastian also mentions that while EA may take action to cut jobs and possibly halt some franchises, that the company will likely still fare well in the long run:
“We believe EA will leverage its early investments and significant resources in online distribution, emerging business models (e.g., free-to-play), and geographical diversity to maintain growth of its core franchise base, as well as further expand its partners/distribution business. We also believe management will continue to opportunistically seek further acquisition candidates, including developers and/or publishers with proven franchise successes.”
Both Dead Space and Mirror’s Edge were a pretty pleasant surprise for a gamer like me, who’s not much into sports titles, so I am really hoping to see more efforts from them like that, even if the titles weren’t perfect.Are you excited to see EA testing new waters?
[Via GamesIndsutry.Biz]
