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Electronic Arts to lay off 5% of workforce, reduce office spaces (www.reuters.com)

submitted 8 months ago by NIB@lemmy.world to c/games@lemmy.world

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Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.

The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.

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[-] waybackguy@lemmy.world 5 points 8 months ago* (last edited 8 months ago)

Maybe people are playing less games than a few years ago?

The tech industry is eating itself. I think NVIDIA is making out ok though, AI has created jobs for them for now.

[-] turkalino@lemmy.yachts 16 points 8 months ago

They're playing less AAA games, yes. People are thinking much harder about the $60+ price tag as AAA studios repeatedly fail to live up to their promises. I feel like Nintendo is the only AAA company that doesn't have a losing record for the past ~5 years