Following in the wake of Sony's announcement this morning, EA says that they are also looking to cut games and staff from it's costs due to poor holiday sales. While this move has been predicted for a while, it hurts nonetheless. Important to note is that there is no word yet on which staff or projects are to be cut yet.

"We are disappointed that our holiday slate is not meeting our sales expectations," said EA CEO John Riccitiello, noting that the company "saw significant improvement in the overall quality of our key products this year" and will remain committed to quality. "We will be launching several new titles and online games in fiscal 2010," he added.

At this point, we're not even halfway through the holiday shopping season. If things have been that bad so far, then EA might be in some larger trouble.

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Last Updated: Mar 13, 2016