this post was submitted on 28 Feb 2024
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Electronic Arts to lay off 5% of workforce, reduce office spaces (www.reuters.com)
submitted 10 months ago by NIB to c/games
11 comments fedilink hide all child comments
 

Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.

The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.

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[–] not_that_guy05 51 points 10 months ago (2 children)

You know, work from home would help clear that office space, but we can't have that. Too much power to the employees, why would they.

[–] [email protected] 7 points 10 months ago

A lot of those executives own real estate and need to keep those numbers up. I wonder how long before we pay people to sit in offices just so they can inflate their value.

Wait a minute...

[–] ObamaBinLaden 2 points 10 months ago

It's not about office space. They built a new office which somehow doesn't have enough capacity for everyone but it's still mandatory two days a week. It's just micromanagement at this point.