EA reportedly cutting 10 percent of their workforce

The large video game publishing company EA is reportedly going to be butting 10 percent of their staff in an effort to cope with economic times. This 10 percent makes for 1,000 jobs. The layoffs are suppose to be completed my March 31st 2009. This layoff is 4 percent larger than the one they announced in October.

After putting their reconstructing plan into action and “consolidating facilities,” EA hopes to cut annual costs by $120 million. EA will close nine publishing studios including Black Box Studio (Need for Speed) in Vancouver, British Columbia, which will move its remaining staff to EA’s studio in Burnaby, BC. The recent plans for opening a Canadian studio have been tossed out all together. The company plans to focus on games that are big hits with “higher margin opportunities.”