"Electronic Arts Announces Layoffs and Cancels Star Wars Game, Cutting 5% of Workforce"

Electronic Arts (EA) is laying off around five percent of its workforce, affecting almost 700 employees, and cancelling games while shutting down at least one development studio. The company is also moving away from licensed intellectual properties (IP) and focusing on its owned IP, sports, and massive online communities. This decision includes cancelling a Star Wars first-person shooter game being developed by Respawn Entertainment. The news of EA's layoffs follows PlayStation's announcement of cutting around 900 employees, contributing to a recent trend of mass layoffs in the gaming industry.