Electronic Arts has plans to reduce its workforce and spend close to $400 million in fiscal year 2012 as it continues to focus even more efforts on the digital game market.
EA’s new plan was laid out in a filing with the U.S. Securities and Exchange Commission sent alongside the latest investors report. The restructuring will most likely begin soon and should be complete by September 30, 2012.
Jeff Brown, EA Vice President of Corporate Communications said in an interview, “The restructuring charge is related to our move to digital games and services. It impacts a relatively small number of EA’s 9,000 employees. Most importantly, EA is hiring and we expect to finish the year with more employees, not fewer.”
EA plans to spend $40 million as part of the restructure. This includes #23 million in severance package payouts and $11 million for “license termination.”
More details should come out of an investors call that took place at 5 p.m. ET. EA did not announced anything new, but did say some big project announcements were coming at this years Es.
(Via The Verge)
dont believe this