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Buys developer Playfish for $300 million.
Electronic Arts has announced plans to make 1500 employees redundant by April of next year.
The company reckons the plan will save at least $100 million annually. Around 900 positions in game development will go, along with 500 in publishing and 100 at corporate level. According to Gamasutra, studios affected will include EA Redwood Shores, Tiburon, Mythic and Black Box.
The news came as EA published a financial report for the July to September quarter, posting a net loss of $391 million - an increase of 26 per cent compared to the same period in 2008.
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Electronic Arts has announced plans to make 1500 employees redundant by April of next year.
The company reckons the plan will save at least $100 million annually. Around 900 positions in game development will go, along with 500 in publishing and 100 at corporate level. According to Gamasutra, studios affected will include EA Redwood Shores, Tiburon, Mythic and Black Box.
The news came as EA published a financial report for the July to September quarter, posting a net loss of $391 million - an increase of 26 per cent compared to the same period in 2008.
Read more...
More...