Jason Schreier / Bloomberg : Source and leaked memo: EA plans to cut ~400 jobs, or ~3% of its total staff, and shut down BioWare; EA went private in August following a $55B leveraged buyout — The next ‘Mass Effect’ will be canceled as part of the layoffs — Electronic Arts Inc. said it will lay off staff and shut down BioWare …
Source and leaked memo: EA plans to cut ~400 jobs, or ~3% of its total staff, and shut down BioWare; EA went private in August following a $55B leveraged buyout (Jason Schreier/Bloomberg)
In short
announced plans to cut approximately 400 jobs, or about 3% of its total staff, as part of a restructuring initiative. The company has also announced that it will shut down BioWare, a studio known for creating the "Mass Effect" series. This decision comes as part of a broader restructuring effort following a $55 billion leveraged buyout in August.
Key points
- announced plans to cut approximately 400 jobs, or about 3% of its total staff, as part of…: announced plans to cut approximately 400 jobs, or about 3% of its total staff, as part of a restructuring initiative.
- The company has also announced that it will shut down BioWare, a studio known for creatin…: The company has also announced that it will shut down BioWare, a studio known for creating the "Mass Effect" series.
- This decision comes as part of a broader restructuring effort following a $55 billion lev…: This decision comes as part of a broader restructuring effort following a $55 billion leveraged buyout in August.