EA loses $310 million in Q209, 6% of employees being let go [Joystiq]

[DP ServBot]

Filed under: Business

Electronic Arts has revealed its second quarter fiscal results (ending Sept. 30) ... and things aren't pretty. The company lost $310 million in the quarter, another big hit following Q1's $95 million loss. Highlights from the quarter were the sales of Madden NFL 09 (4.5 million sold), Spore (2 million sold) and Warhammer Online (1.2 million sold).

Unfortunately, EA's continuing hard times will impact its employees. The company plans to let go of 6% of its work force, which amounts to about 600 jobs. The next two quarters are when EA normally really starts bringing in the cash -- not that it'll mean much to those who'll be unemployed soon.

[Via GameDaily]EA loses $310 million in Q209, 6% of employees being let go originally appeared on Joystiq on Thu, 30 Oct 2008 18:00:00 EST. Please see our terms for use of feeds.


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[gepeto]

Thanks for the info Data. Your becoming more human everyday.

[BHvrd]

Looks like EA bit off a bit more than it can chew in its acquisitions.

Guess Mirrors Edge hasn't come quick enough, btw love the demo, seems like a Sega game.