Today Electronic Arts cuts its full-year profit forecast due to a delay in the latest Harry Potter video game and its stock fell 14 percent. They also announced that they plan to cut about 6 percent of their workforce in response to slowing sales. The company said it would save about $50 million annually from the cost cutting action.
EA's ranks are currently 9,671 employees strong and there was no indication as to which business areas would be trimmed.
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Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
