EA confirms 10 percent of staff laid off in major restructuring


During video game conglomerate EA’s most recent earnings call, the company’s CFO confirmed that it has laid off the roughly 900 workers whose jobs were rumored to be on the chopping block last month. “Our cost reduction plans will reduce our overall headcount by approximately 10 percent,” said Blake Jorgensen, who also serves as vice president, before explaining that the restructuring plan and resignation of CEO John Riccitello cost the company an extra $ 15 million more than what it estimated in its most recent guidance.

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