EA has become the latest victim of massive layoffs in the video game industry.
In a brief statement shared on EA's official website Tuesday morning, CEO Andrew Wilson announced it was laying off 350 employees, which comprised four percent of its 9,000-person staff. The layoffs will affect those in the marketing and publishing departments, as well as the operations teams. The move includes shutting down EA offices in Japan and Russia.
Wilson stated that the decision was made in order to address the challenges facing the company and to better live up to the promises they made to their players. "These are important and hard decisions, and we do not take them lightly," Wilson said. "We are friends and colleagues at EA, we appreciate and value everyone's contributions, and we are doing everything we can to ensure we are looking after our people to help them through this period to find their next opportunity. This is our top priority."
The news of EA downsizing its workforce comes over a month after Activision Blizzard laid off around 800 employees as part of a major restructuring despite record earnings.
Although the video game industry is growing exponentially, these layoffs are sure to embolden efforts by game developers to form unions in order to protect themselves from that outcome.