EA plans layoffs as sales slow

Posted by Rob Lewis

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.

Company:
Electronic Arts
Website:
http://www.ea.com
Location:
Vancouver, British Columbia, Canada

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media 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 running Canada's leading technology media property, Rob can be... more



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