Daily Newsletter

01 January 1970

Daily Newsletter

01 January 1970

Electronic Arts announces more layoffs, Star Wars project shelved

Electronic Arts is cutting around 670 jobs as part of a strategic shift towards owned IP, sports, and online communities.

Sarah Brady February 29 2024

Electronic Arts (EA) has announces a second round of layoffs, impacting approximately five percent of its workforce, accounting for around 670 employees.

The move follows the company’s decision to cut six percent of its staff in March 2023, demonstrating a restructuring trend that has seen hundreds of layoffs within two years.

EA CEO Andrew Wilson said, in an internal email, that the layoffs are part of an ongoing effort to “optimise our global real estate footprint to best support our business.”

The restructuring involves streamlining company operations, discontinuing certain games, and moving away from the development of future licensed intellectual properties. Instead, EA aims to focus on owned IP, sports, and online communities.

Wilson acknowledged the challenges posed by these decisions, stating, “This is the hardest part of these changes, and we have deeply considered every option to try and limit impacts to our teams.”

The company has already started to inform affected staff, with the process expected to conclude by early next quarter. This follows a previous the job cuts in March 2023 and additional layoffs at EA-owned F1 developer Codemasters in December 2023.

Despite the shift away from licensed intellectual property, EA confirmed the ongoing development of two Marvel-based games, featuring Black Panther and Iron Man.

However, a separate announcement revealed the cancellation of Respawn Entertainment’s Star Wars first-person shooter (FPS), reportedly based on The Mandalorian.

Sony, Supermassive, Deck Nine, Cloud Imperium Games, and Die Gute Fabrik are among gaming giants facing layoffs or production halts.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close