EA suffers loss for last financial quarter; will cut 6 percent of workforce

Posted Oct 30th 2008 4:30PM by John Callaham
Filed under: Biz, Spore, Warhammer Online: Age of Reckoning

Electronic Arts just came out with its financial numbers for its latest fiscal quarter that ended September 30 and the results are a bit disappointing. Even though the company recorded $894 million in revenue for the quarter, an increase compared to $640 million for the same period a year ago, EA still recorded a net loss of $310 million compared to a loss of $195 million for the same period a year ago.

EA is planning to cut its work force by about six percent which they state will save about $50 million for the company That should affect 540 people out of EA's 9,000 total workforce, according to Gamespot.. On the bright side they state that their two big PC game releases for the quarter, Spore and Warhammer Online, sold 2 million and 1.2 million copies, respectively, for the quarter. EA will have a conference call at 5 pm today where company executives are likely to give more details on their current and future plans.

Tags: breaking, ea, electronic-arts, spore, warhammer-online

Reader Comments (Page 1 of 1)

Let's hope 'APOC' is part of that 6%, hehehe.Posted at 7:38PM on Oct 30th 2008 by Gripen40k

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