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.

  • henfredemars
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    1
    ·
    9 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…