Whats happening with EA?

Sweet watered down perfume!!! It seems this economy is effecting anyone who's income is under $100,000,000, even the uber big companies like EA r feeling the sting of economic essence. Recently published in a mag that I personally follow, GameInformer, the mega company has had to make sum tough calls this year, and a major decision taking place from now through to next April. According to the article, the company say it will lay off 1500 employees by April of next year (a reported 17% of the payroll), including the closure of several facilities, according to EA CEO John Riccitello.

No matter how u slice that, that's a lot of ppl losing their jobs, designers, programmers, artist. The company is a bit disturbed by its year over year revenues and with these layoffs and closures, they hope to save about $100,000,000 annually. The closure of Saboteur developer Pandemic Studios highlights company wide cuts reportedly affecting developers throughout the internal EA system, including Mythic Entertainment(Warhammer Online), EA Tiburon(Maddened NFL), EA Black Box(Skate), Visceral Games(Dante's Inferno) and more. And as if that wasn't enough, u can guess that quite a few projects r being given the axed. And I don't mean to smell good either.

Over a dozen project got cut, and anything that doesn't add up to being a very high profit contributor and unit seller from this point forward will get the same treatment. But don't fret Medal of honor fans, its still in production. Bare in mind that this isn't first time that EA has had to hemorrhage itself to save itself. Back in 2009 after the release of the November BPS retail numbers, the company did it again, Mirrors Edge and Need for Speed Underground underperformed and were singled out amid a 10% cut in the global workforce, they closed 9 studios and several unannounced projects never saw the light of day.

Final Thought:
It's always a sad day when sumone has to lose their job because of money, when money was apart of the reason they were working from the start. Were does one programmer or character go or even start again after a layoff, being so happy in a prominent company as EA, would they even want to? What do u think?