EA Denies Report that it will Lay Off 500 - 1,000 Employees

April 16, 2012 -

Startup Grind is reporting that, based on poor performance from two key franchises, EA plans to slash between 500 and 1,000 jobs from its global workforce.

Startup Grind reports the cuts were originally planned for April 9, but the site claims that they are "coming very soon". Citing multiple sources, the site claims that EA will cut 5 - 11 percent of its employees.

The site claims that Battlefield 3, which EA shelled out $30 million to market, only generated $13 million in revenue. Star Wars: The Old Republic, which received similar treatment is also not doing as well as expected. The poor performance of these two titles, the site claims, is what's driving the upcoming layoffs.

Speaking to GamesIndustry International, an EA representative denied the report - adding that the company is actually growing.

"There are no lay off as such," the company representative said. "We always have projects growing and morphing. At any given time there are new people coming in and others leaving. EA is growing and hiring - building teams to support the growing demand for digital games and services."

Source: C&VG


 
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