$EA Stock Update

Continued success for the Apex Legends game (free to play game).

Electronic Arts is cutting 350 positions from its workforce (3.8%). The company has 9,000 employees. The cuts will affect its marketing, operations and publishing teams. The hardest hit will be its operations in Japan and Russia, where it is ramping down its current presence. Their rival, Activision, will also cut 800 employees.

Continue to HOLD

EA-Apr

 

 

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