Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.
The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.
It’s not about office space. They built a new office which somehow doesn’t have enough capacity for everyone but it’s still mandatory two days a week. It’s just micromanagement at this point.