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Several PopCap employees are being laid off on a company-wide scale, although some reports say that parent company EA has been letting staff go slowly over the last few months. PopCap studios in Dublin, Shanghai, and Seattle are all being affected.

According to VG24/7, months of layoffs have been quietly going on behind the scenes:

A source familiar with the matter told us that PopCap has indeed been “very quietly” laying off staff for “several months”.

Asked for further information, EA representatives advised that the publisher does not comment on rumour and speculation.

Considering that EA purchased PopCap for $750 million just last year, it seems that the larger company has been attempting to bleed off some financial costs with staff cuts.

In truth, the layoffs are a bit of a shock, especially since EA is one of the few companies that doesn’t seem to be hurting for money. Just by their Q1 2013 fiscal year report alone, the company is still seeing growth even with losses in quarter-to-quarter earnings.

Then again, EA may just be trying to balance their books. Not every project in the last few years has been a profitable effort, such as the production of Star Wars: The Old Republic, as well as lowered mobile gaming earnings.

Source: VG24/7

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EA Begins International PopCap Layoffs, May Have Started Months Ago

Several PopCap employees are being laid off on a company-wide scale, although some reports say that parent company EA has been letting staff go slowly over the last few months. PopCap studios in Dublin, Shanghai, and Seattle are all being affected.

By EGM Staff | 08/21/2012 04:14 PM PT

News

Several PopCap employees are being laid off on a company-wide scale, although some reports say that parent company EA has been letting staff go slowly over the last few months. PopCap studios in Dublin, Shanghai, and Seattle are all being affected.

According to VG24/7, months of layoffs have been quietly going on behind the scenes:

A source familiar with the matter told us that PopCap has indeed been “very quietly” laying off staff for “several months”.

Asked for further information, EA representatives advised that the publisher does not comment on rumour and speculation.

Considering that EA purchased PopCap for $750 million just last year, it seems that the larger company has been attempting to bleed off some financial costs with staff cuts.

In truth, the layoffs are a bit of a shock, especially since EA is one of the few companies that doesn’t seem to be hurting for money. Just by their Q1 2013 fiscal year report alone, the company is still seeing growth even with losses in quarter-to-quarter earnings.

Then again, EA may just be trying to balance their books. Not every project in the last few years has been a profitable effort, such as the production of Star Wars: The Old Republic, as well as lowered mobile gaming earnings.

Source: VG24/7

0   POINTS
0   POINTS