Electronic Arts Joins Downsizing Companies with Plans of 6% Job Cuts
Meanwhile, Electronic Arts dropped its booking expectation last month as consumers began to slow down on spending.
Meanwhile, Electronic Arts dropped its booking expectation last month as consumers began to slow down on spending.
EA expects the total annual booking for the current fiscal year to come in between $7.07 billion and $7.17 billion.
While it remains cautious per its current quarter, EA Sports said it is positively aligned to deliver stronger growth over the long term.
Sources familiar with the matter said that Amazon has managed to outbid all other heavyweights and could make an official announcement later today.
After a week of recovery, the US stock market continues to remain tepid with no clear catalyst to carry the rally forward.
EA is expected to start supporting and eventually adopting blockchain and NFTs, as it earlier published some relevant job posts.
The Electronic Arts deal with Codemasters involves a whopping amount of around $1.2 billion which outweighs the $973.01 million offered by Take-Two.
Deutsche Bank analyst Brian Kraft believes that the end of the pandemic will lead to the video game industry outperforming the expectations.
While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.
Electronic Arts (EA) is not one of the traditional firms that are going the crypto way. However, a recent tweet from the company sought to mislead the crypto community that it was and succeeded quite well at it.