The video game industry is not safe from recession after all.
In some news reports, it was indicated that the company will be closing at least nine facilities and this move is part of their restructuring plans. Electronic Arts will cut around 1,000 jobs and this is around 10 percent of its global workforce. The bulk of the layoffs will be made before March 31, 2009. This move by the company will net EA with annual cost savings of $120 million. The focus now of EA is on the hit games with higher margin opportunities. But still, the company is still committed to taking creative risks.