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

submitted 8 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 7 points 8 months ago

A lot of those executives own real estate and need to keep those numbers up. I wonder how long before we pay people to sit in offices just so they can inflate their value.

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