The grim industry summer continues as EA lays off staff ahead of $55 billion sale to Saudi Arabia, likely to soothe the…
Electronic Arts is reportedly laying off an unknown number of staff ahead of its $55 billion sale to Saudi Arabia's Public Investment Fund, which will hold a 93.4% stake. These layoffs, affecting teams like recruitment and customer support, are occurring before the acquisition closes, likely due to EA's significant loan debt. This follows a trend of industry layoffs, including Microsoft's recent actions after acquiring Activision Blizzard, and raises concerns about sportswashing.
- Entities
- Company: Electronic Arts
- Company: Microsoft
- Topic: Sportswashing
- Game: The Sims
- Company: Sony Interactive Entertainment
- Company: Epic Games
- Topic: Layoffs
- Company: Activision Blizzard
- Game: Grand Theft Auto 6
- Game: Dragon Age
- Topic: Mergers and Acquisitions
- Game: Black Panther
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