A decline in the gaming industry. Another big company is laying off employees
The gaming industry, from the perspective of its employees, is going through a huge crisis. Several large companies have announced mass layoffs. Now Electronic Arts joins them.
In recent weeks, several large gaming companies have announced mass layoffs. Some of the staff of Riot Games, Microsoft and Sony, among others, said goodbye to their jobs. Unfortunately, this phenomenon does not end there. Electronic Arts now joins this group.
Electronic Arts is laying off some employees
The creators of, among others, EA Sports FC 24 announced that they intend to release 5%. employees. The employment reduction is to be implemented in stages and will last until the end of this year. This is to be part of a larger restructuring, which will also include reducing the occupied office space.
In total, Electronic Arts estimates the costs of the entire project at USD 125-265 million, of which employee layoffs will cost approximately USD 40-55 million. In March last year, the company employed as many as 13.4 thousand. people. As much as 65 percent company employees performed their duties in countries other than EA’s headquarters.
At this moment, we can already talk about a huge decline in the gaming industry. This is partly due to the huge increase in interest during the COVID pandemic, which has resulted in much greater employment. Now that the boom has subsided, companies are making adjustments and laying off workers.
