EA reveals latest financial results; plans to lay off 1,500 workers [Update]
Gamasutra is already reporting that EA has laid off a number of workers at several of its development studios today including Mythic Entertainment, EA Black Box, EA Tiberon, and EA Redwood Shores. These new round of layoffs were revealed the same day EA bought social networking game publisher Playfish for $300 million.
As far as its financial results, EA brought in $788 million in revenues for its fiscal quarter that ended September 30, compared to the $894 million it received from the same period a year ago. The company had a net loss of $391 million for the quarter compared to a loss of $310 million for the same period a year ago.
Update In a conference call to financial analysts, EA execs have announced they have canceled "over a dozen" game titles, although specific games were not mentioned.












