this post was submitted on 28 Feb 2024
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Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.

The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.

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[–] [email protected] 52 points 1 year ago (2 children)

You know, work from home would help clear that office space, but we can't have that. Too much power to the employees, why would they.

[–] [email protected] 8 points 1 year ago

A lot of those executives own real estate and need to keep those numbers up. I wonder how long before we pay people to sit in offices just so they can inflate their value.

Wait a minute...

[–] [email protected] 2 points 1 year ago

It's not about office space. They built a new office which somehow doesn't have enough capacity for everyone but it's still mandatory two days a week. It's just micromanagement at this point.

[–] [email protected] 25 points 1 year ago (1 children)

The US isn’t in a recession, but all these big companies seem to think it’s high time we had another.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (2 children)

Maybe people are playing less games than a few years ago?

The tech industry is eating itself. I think NVIDIA is making out ok though, AI has created jobs for them for now.

[–] [email protected] 16 points 1 year ago (1 children)

They're playing less AAA games, yes. People are thinking much harder about the $60+ price tag as AAA studios repeatedly fail to live up to their promises. I feel like Nintendo is the only AAA company that doesn't have a losing record for the past ~5 years

[–] [email protected] 2 points 1 year ago

There’s a few L’s but overall yeah, Nintendo has been doing fine.

[–] [email protected] 6 points 1 year ago (1 children)

According to EA, people want more large open worlds, multiplayer, and existing IPs so they want to do double down on that. This is from the company who released immortal of averum and wild hearts which barely ran at launch and then they wonder why people don't like any of their new IPs

[–] [email protected] 2 points 1 year ago

And according to Ubisoft, people want always-on live-service AAAAAAA $99 deluxe edition games stuffed absolutely full of microtransactions, loot boxes, daily exclusive rewards, kermel level root kits DRM, Ubisoft connect exclusive, nightmare shitfests that you don't really own anyway.