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Electronic Arts to Cut 17% of Staff And Buy Playfish

By

Yukari Iwatani Kane

Updated Nov. 9, 2009 9:59 p.m. ET

Videogame publisher Electronic Arts Inc. said it plans to cut 17% of its work force while acquiring a U.K. online-videogame concern to build up its digital business.

EA said it will cut 1,500 jobs by next March as it closes several facilities, saving the company at least $100 million annually. The cuts come on top of the closure of game-development and publishing facilities a year ago, and are part of EA's plan to focus on fewer games...

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Electronic Arts to Cut 17% of Staff And Buy Playfish

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