#rumor

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Electronic Arts Starts Staff Reductions

Electronic Arts has begun informing staff of layoffs. Industry analyst Destin Legarie reported the initial round may be small. More job cuts are anticipated across multiple divisions. This follows EA's recent $55 billion acquisition by an investor consortium. The company aims for a leaner, more efficient structure.

https://gamingbolt.com/ea-has-started-informing-staff-of-layoffs-will-affect-multiple-divisions-rumor


Facebook Ask Midland Thread Removed

Just fyi... there were well over 300 comments about prayers for those impacted by the dow layoffs in Midland Michigan on ask midlands FB thread. Looks like the admin mediator was forced to remove all of it. There were several comments suggesting layoff numbers will reach 800-1000 locally within Midland.


Nothingburger

As much fear and angst that have been posted on tbis board for the past few weeks about the 17th being doomsday and the small number of posts today, this sure seems like a nothingburger with a small number of people impacted.


Bungie Faces Massive Summer Layoffs

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/


July Layoffs (July 8 or July 15)

Based on prior layoff rounds, it seems it often occurs on Wednesdays.

With Citi scheduled to report Q2 earnings on July 14, my assumption is that any July layoffs would likely take place on July 15 (or July 8).

Similar to how the June 10 layoffs were being discussed here roughly a month before they happened, has anyone heard any rumors regarding potential July dates?