Feb 05 2009

Electronic Arts posts loss, will cut 1,100 jobs

Published by Chris Comeau at 7:25 am under News

From ctv.ca:

ea Video game publisher Electronic Arts says its third-quarter loss widened because of a slew of charges and weak holiday sales which the CEO called “a clear disappointment.”

The Redwood City, Calif.-based company, which has locations in Canada, also unveiled more cuts, saying it would now lay off a total of 1,100 jobs, or about 11 per cent of the workforce, and close 12 facilities.

The company has about 2,500 employees in Canada, about 1,700 of which are in Vancouver’s Lower Mainland, and the rest in Edmonton and Montreal.

Source


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