Fragland.net V4 :: EA's profits down, people laid off

U-Games

3 members own The Godfather.

You can manage your own collection by registering or logging in.

Game Details

Description

A story about family, respect and loyalty, The Godfather book by Mario Puzo and film by Paramount Pictures serve as inspiration for the game, as you join the Corleone family and earn respect through loyalty and fear while you rise through the ...

Articles

16-10-06 Review for Xbox 360 07-05-07 Review for Playstation 3

RSS Feeds

Feeds are per category

All News

Comments

News

EA's profits down, people laid off

Posted on Friday, 3 February 2006 by Speed, source: 1up

Publisher Electronic Arts has put up some less fun news: 5% of all employees worldwide have received their resignation. All kinds of forums were already filled with tons of gossip but all in all it seems things remain within limits:

Okay, so the rumor raced a little out of control. However, EA is "realigning resources" to meet the "transition of the industry," according to a spokesperson for the publisher. Approximately 5% of EA staff worldwide will be affected - and considering EA has about 6500 employees, that means in spite of the positive spin on things there will still be around 325 people without jobs. But EA assures us that no announced games will be affected.

Getting rid of people is popular with companies that are listed at the stock exchange. Whenever lesser than expected figures are announced, it's always fun to show that you're making your structure so tight that you can kill some overhead.

EA has a habbit of doing actions like these whenever games are finished and now that The Godfather and Battle for Middle-Earth 2 are practically finished, this shouldn't come as a surprise. The fact that EA's profits are down 31% of course doesn't really help.

In other news:

Special: Project Zero 3 Q&A

MotorStorm to be PS3 launchgame