|Credit crunch has publisher crunching numbers, EA axe 500 jobs|
|Posted: 31.10.2008 12:02 by Simon Priest||Comments: 5|
The fiasco with those scrolling number tickers over on Wall Street has caught up with Electronic Arts; they're booting out 6% of the workforce.
$310 million was their net loss reveals the publishers third quarter posting, this retail "slow down" has EA a little skidish. Riccitiello admits they're "cautious" for the immediate future.
"Considering the slow down at retail we've seen in October, we are cautious in the short term," says EA CEO John Riccitiello.
It's heavily rumoured that the Spielberg team at EA LA has been hit with "almost everyone on the team" gone, an EA employee has told .