On March 30th,Electronic Arts (EA.US) said it would lay off 6 percent of its workforce, or about 800 employees, and reduce office space, making it the first major game maker to disclose large-scale layoffs.

"As we focus more on our portfolio, we are eliminating projects that don't contribute to our strategy and cutting spending on real estate," said Andrew Wilson, EA's CEO.

'The downsizing is the most difficult part,' Mr. Wilson said. 'We're doing it with the utmost care and respect.' Ea expects to take an impairment charge of $170 million to $200 million.

Ea's quarterly revenue fell short of consensus, as did its guidance, projecting revenue of $1.70 billion to $1.80 billion, according to a March 2022 quarterly report.

In addition, EA has pushed back the launch of the highly anticipated Star Wars Jedi: Survivor to April 28, which means the game's statistics will now enter its next fiscal year.

Now, Electronic Arts joins a long list of companies laying off workers,According to Layoffs.fyi, more than 155,000 tech-related workers at more than 500 tech companies lost their jobs in 2023.