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Hard-a-port! Is Riccitiello’s strategy to turn the Electronic Arts supertanker working?
Electronic Arts’ Q2 announcement yesterday was pretty electrifying: 1,500 jobs lost to save $100 million a year, while also spending $275 million in cash (and up to $400 million in total) to acquire Playfish. Some critics have...
- Posted 15 years ago
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EA increases redundancies to 10% – an additional 400 jobs
In an update to a previously announced round of redundancies, Electronic Arts has announced it will be reducing its workforce by 10%, raising the redundancy total to 1,000. Restructuring charges will increase to $55-65 million with planned...
- Posted 16 years ago
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Electronic Arts cuts forecasts, cuts 6% of workforce
Citing the “uncertain economic climate”, John Riccitiello, CEO of EA, today announced that EA will be reducing headcount by approximately 6% (600 people by our estimates) by the end of March 2009. The redundancies are expected to...
- Posted 16 years ago