Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

07:42 GMT, Tuesday, 10 November 2009

Games maker EA to cut 1,500 jobs

Beatles: Rock band

US video game maker Electronic Arts (EA) has said it is cutting 1,500 jobs.

The cuts, in addition to the 1,100 jobs already shed this year, came even as EA bought social gaming company Playfish for $275m (£170m).

EA, which makes the Rock Band series, also reported a net loss of $391m in the third quarter, compared with a loss of $310m in the same period last year.

The job losses are part of a restructuring plan to shift the company's focus to blockbuster games.

The layoffs are expected to save about $100m a year, EA said.

Playfish makes free games for social networking sites - such as Facebook and MySpace - and mobile phones.

Digital content such as that makes up about 12% of EA's revenue.

Although that area is growing, industry sales from traditional video games are declining.

"We are focusing on what works and what matters," said chief financial officer Eric Brown.




E-mail this to a friend
Related to this story:
Playfish hooked by EA for £170m (09 Nov 09 |  Business )
Video games go a sequel too far (02 Nov 09 |  Technology )
Sales of virtual goods boom in US (22 Oct 09 |  Technology )
Rocking with The Beatles (04 Sep 09 |  Entertainment )
Games giants show future wares (19 Aug 09 |  Technology )
Inside Games: EA Bright Light Studio (10 Jul 09 |  Technology )

RELATED INTERNET LINKS
EA
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©