Electronic Arts has announced a companywide lay off from between 500-1000 people. A number that will result in having 5%-11% of their staff back out on the job market. This lay off was originally planned to happen last Monday (4/9) but was pushed back. It has been confirmed that they are coming very soon however.
After EA’s plummeting stock prices dropping from a once lofty $61 per share has recently fallen to $16 per share. While being speculated to keep falling. This is believed to have been caused by 2011 not having as many big blockbuster hits aside from Battlefield 3, highly underwhelming success from Star Wars: The Old Republic, and high marketing costs. Additionally The Consumerist naming the company as the “Worst Company In America” recently, may have the higher ups considering some restructuring.
