📚 EA Is Cutting About 800 Jobs, or 6% of Workforce, and Reducing Office Space

Electronic Arts (EA) is cutting about 800 jobs, or 6% of its workforce, and reducing office space, the video game company said Wednesday. CNBC reports: The company expects to take impairment charges ranging from $170 to $200 million, according to an SEC filing. "As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams," CEO Andrew Wilson wrote in a note to employees. Layoffs are "the most difficult part, and we are working through the process with the utmost care and respect," he wrote. EA had just under 13,000 employees, according to a quarterly filing in March 2022.

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