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Electronic Arts to shed 11% workforce

Posted by admin in Wednesday, February 4th 2009    
Topics: Electronics, Games, News     Tags: , , , , , ,
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electronic-arts_logoIn order to slash rising costs, Electronics Arts has announced to lay off its 11% workforce that comes to nearly 1100 jobs.

The announcement was made considering the low earnings of the company during the third-quarter.

Electronics Arts has been talking about staff reduction since October 08, and the current announcement came as a final word on it.

According to EA, it was considering letting 6% staff go, but in December that number raised to 10% or nearly 1000 jobs.


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Q3 profits: Sony Posted the Results of its 4th Quarter Earnings

Posted by admin in Friday, January 30th 2009    
Topics: Electronics, News, Sony     Tags: , , ,
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Sony has posted today the results of its 4th quarter earnings which indicate a considerable drop of 95% in the company’s net profits.

According to the company, the sluggish holiday shopping season was the real culprit in their worse-than-expected quarterly results. In this quarter, different electronic items like cameras, TV and cell phones weren’t in people’s priority lists.

This huge drop in company’s profits came at the first time when the electronic division of the company posted its first ever operating loss. The company posted its first operating loss in 14 years.


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