EA: More Job Cuts Confirmed

04 Feb 2009 at 13:08:03 by Andy Alderson

EA has announced it will implement more job cuts, due to losses suffered in the final quarter of 2008.

During their financial conference call yesterday, EA reported losses of $641m USD in Q4 last year, compared to losses of $33m in Q4 of 2007.

EA also confirmed that the number of job cuts will rise to 1,100, or 11% of the publisher's total workforce. 12 'facilities' will be closed and the size of the publisher's game portfolio will be reduced.

"Our holiday quarter came in below our expectations and we have significantly reduced our financial outlook for fiscal 2009, a clear disappointment," said EA's John Riccitiello.

"We delivered on game quality and innovation in calendar 2008, with 13 titles rated 80 or above — more than any third-party publisher. We expect to build on this great quality record in the year ahead while delivering more profitability."

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