The credit crisis hits gaming
Author: Steve Harry | Filed in: News | Nov 4 2008
It doesn’t seem that we can get through one day (possibly even one hour) without somebody, somewhere highlighting the ever deteriating plight of the major world economies and unfortunately its now starting to creep into the games world.
Today, games magnat EA announced that will be making 6% of its workforce redundant (that’s around 500 jobs) in order to compensate for lower than expected profits.
Despite this, EA remain optermistic for the future of the industry. John Riccitiello, EA’s chief executive said:
“Considering the slowdown at retail we’ve seen in October, we are cautious in the short term,” said .
“Longer term, we are very bullish on the game sector overall and on EA in particular.”
Lets hope their optisism is well founded…..