NATIONAL NEWS

Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector

Feb 29, 2024, 6:05 AM

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years.

The video game maker said in a regulatory filing that its board approved a restructuring plan that includes the layoffs, as well as closing some offices or facilities.

The Redwood City, California, company had 13,400 workers globally as of March, 31, 2023, according to a filing.

“While not every team will be impacted, this is the hardest part of these changes, and we have deeply considered every option to try and limit impacts to our teams,” said CEO Andrew Wilson. “Our primary goal is to provide team members with opportunities to find new roles and paths to transition onto other projects.”

He said the layoffs would be largely completed by early next quarter.

Electronic Arts estimates incurring about $125 million to $165 million in total charges related to the restructuring. The company anticipates approximately $50 million to $65 million in charges associated with office space reductions and about $40 million to $55 million related to severance and employee-related costs.

The announcement comes just days after Sony said that it would cut about 900 jobs in its PlayStation division, or about 8% of its global workforce. Sony cited changes in the industry as a reason for the restructuring.

The tech sector has been hit hard by layoffs. Microsoft said last month that it would cut nearly 2,000 workers after its acquisition of Activision Blizzard. And Riot Games, the developer of the popular “League of Legends” multiplayer battle game, said in January that it was laying off 11% of its staff.

Still, most large tech companies are much larger now than they were before the pandemic, when hiring surged in the sector.

National News

Associated Press

Southern New Mexico wildfire leads to evacuation of village of 7,000

RUIDOSO, N.M. (AP) — Residents of a village in southern New Mexico were ordered to flee their homes Monday without taking time to grab any belongings due to a fast-moving wildfire. “GO NOW: Do not attempt to gather belongings or protect your home. Evacuate immediately,” officials with Ruidoso, a village home to 7,000 people, said […]

3 hours ago

Associated Press

Convicted killer of California college student Kristin Smart ordered to pay $350k in restitution

SAN LUIS OBISPO, Calif. (AP) — A California judge ruled Monday that a man convicted of killing 19-year-old college student Kristin Smart in 1996 must pay just over $350,000 to her family for costs they incurred after her death. Monterey County Superior Court Judge Jennifer O’Keefe ordered Paul Flores to make the payments after a […]

7 hours ago

Associated Press

Central African Republic faces increased rebel activity and spillover from Sudan war, UN experts say

UNITED NATIONS (AP) — Activities of armed groups in the volatile Central African Republic have increased, complicating a security landscape that has seen a spillover of the conflict in neighboring Sudan, U.N. experts warn in a new report. The panel of experts cite confirmed reports of air raids by the Sudanese military around border areas […]

7 hours ago

Associated Press

A judge temporarily blocks Iowa law that allows authorities to charge people facing deportation

DES MOINES, Iowa (AP) — A federal judge on Monday temporarily blocked an Iowa law that allowed law enforcement in the state to file criminal charges against people with outstanding deportation orders or who previously had been denied entry to the U.S. U.S. District Court Judge Stephen Locher issued a preliminary injunction because he said […]

9 hours ago

Image: This photo provided by the Washington Department of Ecology shows a derailed BNSF train on t...

Associated Press

Judge orders BNSF to pay Washington tribe nearly $400M for trespassing with oil trains

BNSF Railway must pay the sum to a Native American tribe in Washington after it ran 100-car trains with crude oil on the tribe's reservation.

10 hours ago

Associated Press

Wisconsin Supreme Court will hear a challenge to governor’s 400-year school funding veto

MADISON, Wis. (AP) — The Wisconsin Supreme Court will hear a challenge to Democratic Gov. Tony Evers’ partial veto that locked in a school funding increase for the next 400 years, the justices announced Monday. The Wisconsin Manufacturers & Commerce Litigation Center filed a lawsuit in April arguing the governor exceeded his authority. The group […]

10 hours ago

Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector