Despite a 2008 filled with quality titles – Dead Space, FIFA 09, NHL 09, Mirror’s Edge, Battlefield: Bad Company et al – EA today revealed that it would be closing 12 facilities, cutting its workforce by 11% (1,100 employees) and will “narrow its product portfolio”.
The announcement comes off the back of disappointing results for fourth quarter of 2008 (October through December). John Riccitiello, CEO of Electronic Arts stated that “”Our holiday quarter came in below our expectations and we have significantly reduced our financial outlook for fiscal 2009, we delivered on game quality and innovation in calendar 2008, with 13 titles rated 80 or above–more than any third-party publisher. We expect to build on this great quality record in the year ahead while delivering more profitability.”
This news comes shortly after EA confirmed that three of its previously imminent titles (The Sims 3, Dragon Age: Origins and The Godfather 2) had been pushed back until at least April of this year.
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