Electronic Arts, best known for football and soccer titles, including Madden NFL, sees $200 million in costs from the restructuring
Electronic Arts Inc. will let go of about 6% of its workers as part of a restructuring plan and take charges of as much as $200 million in a challenging year for the video game industry.
The Redwood City, Calif.-based company’s charges include as much as $70 million for intellectual property impairment, $65 million for employee severance and $65 million in office-space reductions and other expenses, according to a regulatory filing Wednesday. EA employed about 12,900 people globally at the end of its last fiscal year, which would mean about 775 jobs are being eliminated.
“As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams,” Chief Executive Andrew Wilson said in aEA struggled last year to
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