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This weekend a report suggested that Electronic Arts was preparing to axe as many as 1,000 employees this week. Today the publisher denied that they're planning cuts of that scale.
The rumor stated that company sank a huge amount of money into marketing big releases like Star Wars: The Old Republic. In the case of BF3, they spent $30 after the game's launch. They took the same approach with Old Republic, whose subscriptions are allegedly dwindling after a strong launch.
It's been a rocky year on the whole for EA. They've had a number of high-level executives defect to other companies, most notably Zynga. They were recently named "worst company in the world" in a consumer poll. Their pile of money is no doubt a bit smaller than usual, too, due to their expensive acquisition of PopCap Games.
"There are no lay-offs as such, we always have projects growing and morphing," EA said in a statement. "At any given time there are new people coming in and others leaving. EA is growing and hiring and building teams to support the growing demand for digital games and services."
There's a lot of wiggle room there. They're not denying that they might fire employees - they're simply pointing out that they're hiring, too. It's not the most reassuring statement for an EA employee.