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Electronic Arts posts 2Q loss, plans layoffs

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NEW YORK (AP) -- Electronic Arts said Monday its loss widened in the latest quarter in what's been a difficult year for the company and the broader video game industry.

The company behind games such as "Madden NFL 10" also said Monday it is laying off 1,500 employees, or about 17 percent, to focus on games that have higher profit margins.

The fiscal second quarter's net loss was $391 million, or $1.21 a share, 26 percent wider than the loss from a year earlier.
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finance.yahoo.com
Alternative Sources:
Confirmed: Massive layoffs ... - n4g.com | By: primesuspect
ES: Financial crisis causes... - de.babelfish.yahoo.com | By: mrviel
Columbo - moderator
Published: 51 days 13 hours ago | News | Industry News
 
 

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Leio - 51 days 12 hours ago
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Damn just when they start doing things right :(
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ElementX - 51 days 12 hours ago
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1.1 -
What have they done right?
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Panthers - 51 days 12 hours ago
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1.2 -
They have been making much better games this generation. I dont see them as the evil video game company anymore. That is now reserved for Activision.

Bioware is now owned by EA and they are doing great. Cant wait for SW TOR. Not to mention Dead Space. What a surprise that game was. And Battlefield BC2 looks freaking amazing.
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Feral Gamer - 51 days 12 hours ago
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1.3 - @1.1
Their multiplats have become better since the PS3 launched, but they're still not up to par with 360 (for most titles). Look at Orange Box, they completely butchered that game!

I still don't like them for buying out everyone, though. I think smaller companies feel intimidated by development costs so they sell out to EA. As long as the games are good, I don't mind, but I think EA should quit buying up everyone. It'll be a monopoly. *shrug*
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sikbeta - 51 days 8 hours ago
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Why this S#it doesn't happen to crAptivision!!!
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ReBurn - 51 days 12 hours ago
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Prepare for less game for your money from EA. I wonder if they're going to invest in a new set of cookie cutters?
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cmacdonald - 51 days 12 hours ago
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I hate quarterly reports as they really don't show the bigger picture. But it is a good excuse for layoffs.
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thehitman - 51 days 12 hours ago
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4 - That cant be good..
If they really wanted save money they should stop doing games for every movie that releases.... and they probably taking a big hit from NBA live no longer being good for the past 3 years.
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Mista T - 51 days 10 hours ago
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the last NBA live I like was 2004, the gameplay felt great and was fun for me
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Pixel_Addict - 51 days 12 hours ago
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5 - Companies layoff people...
it sucks yes, but its not the end of the world. I do wish, however, that this was happening to Activision, if it has to happen at all.
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The-Director - 51 days 12 hours ago
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EA is moving in the right path "aside from the layoffs", but lately they have been taking care of the quality of their games, soon they will have less games in a year but with higher quality and better profit margin.

Activision on the other hand is repeating EA steps and soon will find themselves in the same position as EA, too many games and employees and not enough profits, soon no body will buy COD 9 or GH 8
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kingme71 - 51 days 12 hours ago
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Less sales means publishers will take less risks in upcoming years, so prepare for sequelitis and more of the same old same old.
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Briefcase Joe - 51 days 12 hours ago
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You can partially blame Rock Band: The Beatles. From what I've seen, the game is a failure because they don't make money from it. Acutally, I don't think they make a profit on any Rock Band games. Maybe I'm wrong, but I don't feel like supporting my claim. Someone help me out.
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superfedya - 51 days 10 hours ago
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EA need more big titles.
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