Electronic Arts to lay off 5% of workforce, reduce office spaces
reuters.com
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.
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You know, work from home would help clear that office space, but we can't have that. Too much power to the employees, why would they.
A lot of those executives own real estate and need to keep those numbers up. I wonder how long before we pay people to sit in offices just so they can inflate their value.
Wait a minute...
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.