After posting disappointing financial results, games publisher Electronic Arts (EA) says it will be slashing six per cent of its global workforce. Around 540 people will be handed their pink slips in a move the firm hopes will save about $US50 million. EA certainly feels it needs the spare change after recently disclosing a net loss of $US310 million last quarter, compared to a $US195 million loss last year. The game company blamed Harry Potter for its bad financial spell, or rather, delays to the Harry Potter game, as well as higher development and marketing costs. Luckily for EA, games like Spore, Madden NFL, Mercenaries 2 and Warhammer Online: Age of Reckoning have managed to offset losses a bit, pulling in $US894 million in revenues, well up from the $US640m the firm made last year, but the increased revenues just aren’t enough.( www.atomicmpc.com.au )
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