Electronic Arts Slashing 5% of Workforce, Reducing Office Space

Video game giant Electronic Arts (EA) is eliminating approximately five per cent of its workforce as it restructures its business.

What’s happening at EA?

In a recent regulatory filing, the company said the job cuts are part of a plan to align “its portfolio, investments, and resources in support of its strategic priorities and growth initiatives.”

EA estimates that it will incur approximately US$125 million to US$165 million in restructuring charges.

“These charges consist of approximately $50 million to $65 million associated with office space reductions, approximately $40 million to $55 million related to employee severance and employee-related costs, and $35 million to $45 million in costs associated with licensor commitments,” the filing reads.

The company expects its restructuring plan to be “substantially complete” by the end of December.

SEE ALSO
• EA Layoffs: 6% of staff being cut, restructuring teams
• Sony slashing 900 jobs, closing PlayStation London studio

Impact on Canadian staff

It remains unclear if any Canadian employees at EA will be let go.

According to the company’s LinkedIn page, it has more than 3,300 workers in the country.

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