Friday February 03, 2006

EA chops 5% of workforce

news.com.com :

Electronic Arts, the world's largest video game publisher, confirmed reports that it is laying off 5% of its work force, or between 325 and 350 people. In late December, EA said its holiday sales were disappointing and that it would likely not meet its third-quarter sales and earning guidance.

But EA corporate communications manager Trudy Muller told CNET News.com that the layoffs were not related to holiday sales but were about realigning the company's resources as it grapples with the transition from current-generation to next-generation consoles. Microsoft in November released its next-generation console, the Xbox 360, and both Sony and Nintendo are expected this year to launch new machines, the PlayStation 3 and the Revolution, respectively.

(2006-02-03 00:39:29 SGT) [Biz] Permalink

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