EA To Cut 500 Jobs
Electronic Arts might publish some of the most popular video games, but it’s not immune to the financial hard times that are around. After warning that profits will be lower than expected, it said that it will be shedding over 500 jobs, about 6% of its work force, the BBC reports. On the announcement EA saw its share price tumble 20%, closing at $22.78.
EA blamed higher development and marketing costs, as well as delays to the new Harry Potter game, although it said both Spore and NFL 09 has been successful.
Heading into what should be the bi
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