Electronic Arts Divides Into EA Entertainment And EA Sports In Restructuring Effort
Portfolio Pulse from Franca Quarneti
Electronic Arts (EA) is undergoing a significant restructuring, dividing into EA Entertainment and EA Sports. The move aims to empower studio leaders with more creative ownership and financial accountability. Laura Miele has been appointed president of EA Entertainment, while Cam Weber will lead EA Sports. The restructuring also involves a workforce reduction of approximately 6%.
June 21, 2023 | 6:44 pm
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Electronic Arts is restructuring, dividing into EA Entertainment and EA Sports, aiming to empower studio leaders. The company also announced a workforce reduction of approximately 6%.
The restructuring of Electronic Arts into EA Entertainment and EA Sports is aimed at empowering studio leaders and improving decision-making. While this could lead to long-term growth, the short-term impact on the stock price is uncertain. The announced workforce reduction of 6% may have mixed effects on investor sentiment, as it could be seen as a cost-saving measure or a sign of instability.
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