EA Starts Layoffs Across Multiple Divisions as $55 Billion Buyout Awaits Approval
Updated
Updated · GamingBolt · Jun 19
EA Starts Layoffs Across Multiple Divisions as $55 Billion Buyout Awaits Approval
3 articles · Updated · GamingBolt · Jun 19
Summary
EA has begun notifying employees of layoffs across multiple divisions, with industry analyst Destin Legarie saying the first round appears relatively small but more cuts are expected.
Multiple sources cited in the report tie the move to EA's pending $55 billion acquisition by a consortium including Saudi Arabia's Public Investment Fund, Affinity Partners and Silver Lake, a deal expected to load debt onto the company.
BioWare staff had already been bracing for cuts since the takeover was announced, with some developers updating portfolios and looking for other jobs.
The EA cuts come amid warnings of broader games-industry layoffs, with Microsoft-owned studios, Bethesda, DON'T NOD and Quantic Dream also cited as facing job losses or possible closures.