EA Cutting 1,500 Jobs, 1/3rd of Mythic and 17 Titles.

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Posted Mon, Nov 09, 2009 by Medawky

Gaming giant Electronic Arts is slashing 17% of it's staff in an attempt to save over $100 million annually. The news was part of a press release that also touted a record profit of $1.15 billion dollars for the second quarter of 2009.

From the press release:

Cost Reduction Plan

EA has announced a plan to narrow its product portfolio to provide greater focus on titles with higher margin opportunities.

This action will result in the closure of several facilities and a headcount reduction of approximately 1,500 positions, of which 1,300 are included in a restructuring plan. The majority of these actions will be completed by March 31, 2010. This plan will result in annual cost savings of at least $100 million and restructuring charges of $130 to $150 million.

EA remains committed to delivering high quality games for consumers and leading the industry in the growing digital direct gaming sector.

We will keep an eye on this in the weeks to come as the final details emerge.