Electronic Arts brings the layoffs: Cuts workforce by 6%

The financial bollocks is cutting deep as publishing giant EA finds itself reeling from a net loss of $310 million in Q3 compared to last year’s $195 million. In response to the widening losses, Electronic Arts has announced a six percent staff layoff. Ouch.

With a staff of over 9,000 within EA, it is estimated that around 540 employees are lined up for the chopping block. Although revenues are up by 39.7 percent, EA is buckling down for tough times this Christmas as the wider economic climate remains dire. 

“Considering the slow down at retail we’ve seen in October, we are cautious in the short term,” explained EA CEO John Riccitiello. 

This is pretty bad news of course for the unfortunate employees of Electronic Arts. The last thing you need to hear during a recession and close to Christmas is that you’ve lost your job.