EA Feels the Economic Crunch
Electronic Arts, one of the world’s largest video game publisher and developers is definitely feeling the effects of the dwindling economy. Earlier this year, EA laid off 1100 employees (11% of it’s workforce) due to a poor finish in 2008. Today John Riccitiello revealed that EA is laying off an additional 1500 employees company wide. So what does this mean for gamers?
Along with the announcement of a massive company-wide layoff, John Riccitiello, CEO of Electronic Arts, also revealed a bleak outlook for what he considers “risk” titles.
When Riccitiello was asked about how the layoffs would affect any upcoming projects he responded that the company would cut development on 12 still unannounced projects, focusing on tried and true EA franchises that make for guaranteed sales.
When you have companies like Activision milking an IP for all it’s worth, it’s sad to see that the economy will kill creativity as the industry skips on risk, and sticks with the same old safe bets.
Looks like we can wave goodbye to a Mirror’s Edge sequel, and any chances of Road Rash ever hitting next gen consoles.
8 Responses to “EA Feels the Economic Crunch”
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November 10th, 2009 at 10:35 AM
hahah suckers!
November 10th, 2009 at 11:16 AM
Didn’t EA just buy Playfish for $400 million dollars on Monday? They are idiots.
source: http://mashable.com/2009/11/09/ea-acquires-playfish-2/
November 10th, 2009 at 11:35 AM
RIP Faith. :’(
November 10th, 2009 at 1:07 PM
with game development waaay past 50 million I can see their point.
November 10th, 2009 at 2:26 PM
sign o tha times
November 10th, 2009 at 7:11 PM
Well this basically shits on my dreams
November 10th, 2009 at 7:28 PM
That sucks, good luck going forward, EA.
November 11th, 2009 at 6:10 PM
[...] quoted in a recent story written by Anthony Severino over on PlayStationLifeStyle, Electronic Arts revealed that they will [...]