Somewhat curious about two announcements by the uber-gaming company, Electronic Arts today. Perhaps coincidence, perhaps not.
Firstly, they announce that they are cutting 17% of their workforce, which is approximately 1,500 jobs. "recession. Cost cutting. Streamlining. Blah blah blah".
Next, they announce that they have acquired Playfish for a CASH purchase of $275 million. I guess that with these layoffs they managed to save $183,000 per ex-employee. Not really sure how I'd feel I'd I was one of those that lost their jobs, but hell, business is business is business I suppose.
Also makes me wonder about the future of gaming if EA is losing bundles on packaged games as they are a leader but perhaps that will br s topic for another day.
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