Capcom has announced two showcases over the next week detailing its upcoming games.
28.02.2024 - 22:29 / destructoid.com / Andrew Wilson
When will it end? According to GamesIndustry.biz, Electronic Arts announced today that it will be laying off approximately 5% of its workforce which equates to around 670 people. In a note sent out to EA staff, CEO Andrew Wilson indicated the move is part of the company “moving away from development of future licensed IP that we do not believe will be successful in our changing industry.”
The moves are part of a larger restructuring plan at EA which includes the closing of some offices and sunsetting of several live games. According to GameIndustry.biz, major external IP games based on Black Panther and Iron Man remain in development.
This is the second time in the last year that EA has performed restructuring plans resulting in hundreds of layoffs after EA cut 6% of staff in March 2023.
Literally one day ago, Sony announced it was cutting almost 1,000 jobs by cutting its workforce by 8%.
We’re not even a quarter of the way into 2024 and over 7,000 jobs have been lost in the games industry just these last two months. This is immediately after an equally brutal 2023 where over 10,000 jobs were lost. At this point, we’re looking at an industry that will take years to recover as that amount of jobs will not be created overnight, though they seemingly have been eliminated that quickly.
Capcom has announced two showcases over the next week detailing its upcoming games.
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Following its decision to cut six percent of its workforce last March, EA has announced another round of layoffs — this time affecting five percent of staff (around 670 employees) — as it moves away from «future licensed IP» toward its «owned IP, sports, and massive online communities».
Electronic Arts has announced a restructuring plan that will see it lay off approximately 5% of its global workforce.
Electronic Arts is the latest video game company to announce layoffs and video game cancellations.
Electronics Arts (EA) has confirmed plans to lay off around five percent of its staff, move away from developing future licensed games it doesn't think will be successful, and begin “winding down Ridgeline as a standalone studio.”
In yet another chapter of the seemingly unending layoff news, Electronic Arts (EA) announced it's laying off 5% of its employees, amounting to around 670 people.
Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.
Within days of PlayStation announcing mass layoffs affect 900 jobs, another major publisher has announced a significant reduction in its workforce in the form of Electronic Arts. The company confirms it will be laying off 5% of its total workforce, which is roughly 670 people.
Electronic Arts (EA) has announced that it will be affected by the ongoing trend of mass layoffs, with plans to lay off 5% of its global staff. With a devastating string of major layoffs afflicting the game industry, a climbing number of developers have lost their jobs in just the first few months of 2024. Within the last few days, several other studios have also announced layoffs, with a notable 900 employees being let go from PlayStation.
A grim year for the video game industry just got grimmer, as EA has plans to cut 670 workers - approximately 5% of its workforce - in a major business shakeup that will include sunsetting existing games and canceling licensed IP.
Electronic Arts is laying off 5% of its workforce, or around 670 of the company’s workers. EA employed around 13,400 people by the end of last March, according to a regulatory filing. Sixty-five percent of those employees are located outside the U.S., it said at the time. Notifying impacted employees “has already begun and will be largely completed by early next quarter,” EA CEO Andrew Wilson wrote in a note to staff published Wednesday.