EA CEO Andrew Wilson posted a weblog the place he made the announcement. “As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams,” mentioned Wilson within the weblog put up.
Here’s Wilson’s message to staff in complete:
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crew,
As we close to the tip of the fiscal yr, I’m writing to proportion an replace on our industry. Even amid macro uncertainty, the EA is working from a place of power. Our industry is gaining momentum as we proceed to ship top of the range video games and superb content material throughout probably the most biggest, maximum cherished franchises on this planet. At the center of worldwide soccer tradition, EA SPORTS FIFA 23 is pacing to be the most important identify in franchise historical past. Apex Legends efficiency is powerful at the heels of a memorable 4th anniversary match, and The Sims is fueling creativeness and engagement throughout its passionate group.
We are leaders in a dynamic trade with new audiences, new generation, and new media traits basically reshaping the sector round us. This stage of transformation creates robust alternatives. Now, greater than ever, we should be desirous about our strategic priorities: development video games and studies that entertain large on-line communities; developing blockbuster interactive storytelling; and amplifying the ability of group in and round our video games with social and author equipment. These priorities align our investments with alternatives to make the most important have an effect on.
As we power larger center of attention throughout our portfolio, we’re shifting clear of initiatives that don’t give a contribution to our technique, reviewing our actual property footprint, and restructuring a few of our groups. These selections are anticipated to have an effect on roughly six p.c of our corporate’s staff. This is essentially the most tough phase, and we’re running in the course of the procedure with the maximum care and appreciate. Where we will, we’re offering alternatives for our colleagues to transition onto different initiatives. Where that isn’t conceivable, we’re offering severance pay and further advantages similar to well being care and profession transition services and products. Communicating those selections started previous this quarter and we think them to proceed thru early subsequent fiscal yr.
I wish to prolong my deep appreciation to all our staff who’ve contributed to our improbable tale to this point. It’s thru your love of video games that we proceed to ship on our venture of inspiring the sector to play. Looking ahead, we’re desirous about writing our subsequent nice bankruptcy via bringing extra superb video games to extra other people around the globe — inspiring them to construct group, take part in shared fandom, and feature comfortable studies. The long run of leisure is interactive, and no crew is best provided to steer this variation than us.
Thank you for all that you just do.
Andrew”