"EA Announces Layoffs and Game Cancellations Amid Industry Restructuring"
TL;DR Summary
Electronic Arts is laying off around 5% of its workforce, amounting to approximately 670 employees, as part of a restructuring plan that involves moving away from future licensed IP and focusing on owned IP, sports, and online communities. The company is also closing some offices and discontinuing certain live games, with the restructuring plan expected to cost between $125 million and $165 million. This marks the second time in two years that EA has undergone a significant restructuring with hundreds of job cuts.
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