EA plans layoffs as sales slow

Today Electronic Arts cuts its full-year profit forecast due to a delay in the latest Harry Potter video game and its stock fell 14 percent. They also announced that they plan to cut about 6 percent of their workforce in response to slowing sales. The company said it would save about $50 million annually from the cost cutting action.

EA’s ranks are currently 9,671 employees strong and there was no indication as to which business areas would be trimmed.