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Many wouldn’t have been surprised hearing about all the lay offs in the countless companies, but EA saying goodbye to 600 of its employees. The reason is obvious; cutting down costs and no matter how surprisinig this might sound coming from a company with such concrete foundations, it has happened.

With this, EA could be saving as much as $50 million in annual savings. In a statement EA stated:

EA announced today a cost reduction plan, which will include the elimination of approximately six per cent of the Company’s workforce. The company estimates its cost reduction plan will result in annual pre-tax cost savings of approximately $50 million

[via Game Industry]

1. 
   November 3rd, 2008 at 1:27 am
   Yasser Says:
   

   EA cuts jobs, but Rockstar is hiring!

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   Joost, Rockstar, Songbird, Digital Chocolate, InfoBlox

2. 
   November 12th, 2008 at 3:21 pm
   Lynn Mooney Says:
   

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1. E.A increases number of layoffs to 1,000, will this put an end to its troubles? | Startup Meme - Technology Startup and Latest Tech News