EA Lays Off Staff
Why is EA cutting jobs right before the biggest payout in its history? 📉 Here is what is happening behind the scenes.
What the video says
Why would a gaming giant slash its workforce right before securing the biggest payout in its history? EA is reportedly laying off staff ahead of a historic $55 billion sale to Saudi Arabia's Public Investment Fund.
While EA claims these cuts help them adapt to changing fan needs, they are likely managing a massive financial strain. The publisher has taken on an eye-watering $20 billion in loan debt to to force this industry-defining merger through.
This watershed deal will redefine the category, giving the Saudi fund a massive 93.4% stake in the company. Kotaku reports the pre-acquisition layoffs are already targeting recruitment, customer support, trust and safety, and IT teams.
While major acquisitions usually cut staff afterward, EA is trimming now to soothe the sting of its massive debt.
