EA to Fire 10% of Staff and Shutter Black Box

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Electronic ArtsElectronic Arts offered more details on EA's plans to cut costs and fire staff. To achieve annual savings of $120 million, EA expects it will incur restructuring charges of $55 to $65 million over the next few quarters. In doing so, EA expects to cut 10% of its jobs worldwide, more than EA previously expected.
As part of the restructuring, EA expects to close at least nine offices. The only office that EA confirmed will close is the Black Box studio in Vancouver, British Columbia. Staff from that office will be consolidated into the EA offices in Burnaby, British Columbia.

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This page contains a single entry by Editor published on December 19, 2008 6:39 AM.

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