Electronic Arts Cuts 6% of Its Workforce in Video-Game Slump
Maker of football, soccer titles sees $200 million in costs from restructuring
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Electronic Arts Inc. will let go of about 6% of its workers as part of a restructuring plan and take charges of as much as $200 million in a challenging year for the video-game industry.
The Redwood City, California-based company’s charges include as much as $70 million for intellectual property impairment, $65 million for employee severance and $65 million in office-space reductions and other expenses, according to a regulatory filing Wednesday. EA employed about 12,900 people globally at the end of its last fiscal year.