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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The video game industry in 2024 has experienced significant layoffs, with 10,800 job cuts surpassing the total for 2023. Despite this, EA executives earned $60 million in 2024. Investors are heavily investing in the industry, leading to corporate actions to maximize profits, resulting in a decline in the core gaming experience.
On March 31, 2023, EA had 13,400 employees, and shortly thereafter completed layoffs of 6% (~800) In February 2024, EA began laying off another 5% (~670) By March 30, 2024, though not all layoffs would have been complete, they employed 13,700, or +2.2% or +300 YoY
On March 31, 2023, EA had 13,400 employees, and shortly thereafter completed layoffs of 6% In February 2024, EA began laying off another 5% By March 30, 2024, though not all layoffs would have been complete, they employee 13,700, or +300 YoY
ICYMI my thread on gaming and layoffs from last week https://t.co/cCcgvrSw4i
