EA Reducing Workforce, Plans To Invest About $40 Million In Its Digital Offerings

Posted on May 8 2012 - 5:57am by Editorial Staff

EA recent filing with the US Securities and Exchange Commission states that the gaming company is planning to reduce its workforce and focusing more on the digital gaming market with a clear cut aim to spend nearly $40 million in the fiscal year. The restructuring is expected to begin soon, and will be mostly completed by September 30th, 2012.

EA Vice President of Corporate Communications Jeff Brown told Polygon, “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 will also spend $40 million as part of the restructuring, including a $23 million severance payout and $11 million for “license termination.”

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