Publishing big Electronic Arts introduced at this time that roughly 6% of its international workforce, or between 700-800 individuals, shall be laid off as the corporate drives “better focus throughout our portfolio”.
In a publish on EA’s web site, CEO Andrew Wilson writes that the writer has taken a take a look at its upcoming initiatives, restructured some groups and even reviewed their “actual property footprint”. In the wake of that, the choice was made to put off “roughly six p.c of our firm’s workforce”.
As we drive better focus throughout our portfolio, we’re shifting away from initiatives that don’t contribute to our technique, reviewing our actual property footprint, and restructuring a few of our groups. These selections are anticipated to impression roughly six p.c of our firm’s workforce. This is essentially the most tough half, and we’re working by the method with the utmost care and respect. Where we are able to, we’re offering alternatives for our colleagues to transition onto different initiatives. Where that’s not potential, we’re offering severance pay and extra advantages equivalent to well being care and profession transition providers. Communicating these selections started earlier this quarter and we count on them to proceed by early subsequent fiscal yr.
Electronic Arts generated roughly $7 billion in internet income final yr, as reported on January 31, 2023, with gross earnings of over $5 billion (a rise of 18% over the yr earlier than). In 2022 CEO Wilson, who described this transfer as “essentially the most tough half”, made roughly 172 instances the median EA worker’s whole compensation. Or 636 instances what some customer support employees had been paid (earlier than they have been laid off, anyway).
This announcement comes only a month after 200 testers engaged on the corporate’s Apex Legends sequence have been laid off through Zoom name (although given Wilson’s feedback that “these selections started earlier this quarter”, these could have been a part of this total rely).
