(Image Source: EA Sports)

 

BY JIM FLINK

ANCHOR LAUREN GORES

 

E-A Sports. It’s in the game. Or is it? StartUp Grind claims to have an exclusive report saying, EA Sports is about to lay off up to a thousand workers.

 

“After a brief resurgence, EA has had a rough year with Star Wars not matching lofty internal expectations, an expensive Popcap acquisition, a CFO departure, and being recently named the worst company in America … On top of all this, Zynga has gutted EA’s management listing 5 of the top 11 executives as former EA senior managers...”

 

Almost immediately, EA fired back — telling the UK’s MCV, the Grind story was off the mark.

 

"There are no lay-offs as such, we always have projects growing and morphing. At any given time there are new people coming in and others leaving. EA is growing and hiring and building teams to support the growing demand for digital games and services."

 

CNET says, while the company can deny the layoffs, it can’t deny the fact, it’s bottom line has taken a huge hit.

 

“...it might not be all that surprising that the company is looking to lay off employees. During its last-reported quarter, ended December 31, a crucial period for the publisher that includes holiday shopping, it lost $205 million. In the previous quarter, its losses hit $340 million.”

 

Whether they’re planning layoffs — or not — EA has hardly had a stellar April.

The rumors and speculation come ten days after The Consumerist named EA, the worst company in America.

Awarding it, the Golden Poo Award.

 

“After more than 250,000 votes, Consumerist readers ultimately decided that the type of greed exhibited by EA, which is supposed to be making the world a more fun place, is worse than Bank of America's avarice, which some would argue is the entire point of operating a bank.”

 

 

Most analysts say, if there are layoffs or restructuring, investors and gamers could know about it later this week.

 

 

 

Electronic Arts Denies Rumors of Massive Layoffs

by Charlie McKeague
0
Sources:MCVCNETCNET
Transcript
Apr 16, 2012

Electronic Arts Denies Rumors of Massive Layoffs

(Image Source: EA Sports)

 

BY JIM FLINK

ANCHOR LAUREN GORES

 

E-A Sports. It’s in the game. Or is it? StartUp Grind claims to have an exclusive report saying, EA Sports is about to lay off up to a thousand workers.

 

“After a brief resurgence, EA has had a rough year with Star Wars not matching lofty internal expectations, an expensive Popcap acquisition, a CFO departure, and being recently named the worst company in America … On top of all this, Zynga has gutted EA’s management listing 5 of the top 11 executives as former EA senior managers...”

 

Almost immediately, EA fired back — telling the UK’s MCV, the Grind story was off the mark.

 

"There are no lay-offs as such, we always have projects growing and morphing. At any given time there are new people coming in and others leaving. EA is growing and hiring and building teams to support the growing demand for digital games and services."

 

CNET says, while the company can deny the layoffs, it can’t deny the fact, it’s bottom line has taken a huge hit.

 

“...it might not be all that surprising that the company is looking to lay off employees. During its last-reported quarter, ended December 31, a crucial period for the publisher that includes holiday shopping, it lost $205 million. In the previous quarter, its losses hit $340 million.”

 

Whether they’re planning layoffs — or not — EA has hardly had a stellar April.

The rumors and speculation come ten days after The Consumerist named EA, the worst company in America.

Awarding it, the Golden Poo Award.

 

“After more than 250,000 votes, Consumerist readers ultimately decided that the type of greed exhibited by EA, which is supposed to be making the world a more fun place, is worse than Bank of America's avarice, which some would argue is the entire point of operating a bank.”

 

 

Most analysts say, if there are layoffs or restructuring, investors and gamers could know about it later this week.

 

 

 

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