EA Cuts 670 Jobs, Axes Star Wars FPS to Focus on In-House Brands

February 29, 2024
EA Cuts 670 Jobs, Axes Star Wars FPS to Focus on In-House Brands
  • Electronic Arts is cutting 5% of its workforce, impacting around 670 employees.

  • EA is cancelling several projects, including a highly anticipated Star Wars shooter game.

  • The company is shifting its focus to developing and supporting its own brands like Apex Legends and an Iron Man project.

  • EA's restructuring is in response to industry trends favoring owned IP and online communities over licensed IP development.

  • The company is budgeting $125 million to $165 million for severance and cost-cutting initiatives.

  • This layoff is part of a larger industry trend, with over 8,000 gaming industry jobs cut in early 2024.

  • Despite the layoffs, EA maintains a commitment to its relationship with Disney and Marvel and its iconic franchises.

  • EA's stock has risen despite the layoffs, reflecting investor confidence.

Summary based on 17 sources


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