unreachable.cloud
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
inclementimmigrant@lemmy.world to Games@lemmy.worldEnglish · 1 day ago

Mass layoffs expected at EA as the now-private publisher reportedly tells its new debt masters that it's going to cut $700 million in annual costs

www.gamesradar.com

external-link
message-square
76
fedilink
423
external-link

Mass layoffs expected at EA as the now-private publisher reportedly tells its new debt masters that it's going to cut $700 million in annual costs

www.gamesradar.com

inclementimmigrant@lemmy.world to Games@lemmy.worldEnglish · 1 day ago
message-square
76
fedilink
The Battlefield and Sims owner has taken on $20 billion in debt by going private
alert-triangle
You must log in or register to comment.
  • lechekaflan@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 hour ago

    Once again, the fucking suits.

  • flop_leash_973@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    32 minutes ago

    And nothing of real value to gamers will be lost.

  • buddascrayon@lemmy.world
    link
    fedilink
    English
    arrow-up
    14
    ·
    8 hours ago

    Private Equity 101, “buy” a business using borrowed money, put all the debt on the company you “bought”, slash costs, sell off assets, have the company declare bankruptcy and take all the debt with it, rince and repeat… Profit.

    • muusemuuse@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      11
      ·
      7 hours ago

      Nobody has ever been able to explain to me why this is legal

      • buddascrayon@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        ·
        5 hours ago

        And as if that wasn’t an insult to the middle class, people like Elon Musk and Jeff Bezos can borrow against their stock holdings as if they were real assets, yet never be taxed on the value. But if you borrow against the value of your house, YOU get taxed on that value.

      • btsax@reddthat.com
        link
        fedilink
        English
        arrow-up
        5
        ·
        6 hours ago

        It makes rich people richer

  • Binturong@lemmy.ca
    link
    fedilink
    English
    arrow-up
    7
    ·
    9 hours ago

    EA, it’s in the grave.

  • w3dd1e@lemmy.zip
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    2
    ·
    8 hours ago

    🤞please sell off BioWare so i can play Mass Effect again.

    • mriormro@lemmy.zip
      link
      fedilink
      English
      arrow-up
      4
      ·
      6 hours ago

      Nothing’s stopping you from playing mass effect.

      Why does everyone want sequels so badly? Are you all so attached to your nostalgia?

      • I_Jedi@lemmy.today
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 hour ago

        Without more content, the franchise will die.

      • TankovayaDiviziya@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        1
        ·
        1 hour ago

        Found Jared Kushner.

  • RememberTheApollo_@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    8 hours ago

    Been playing Electronic Arts games since the 1980’s.

    Even if they are a shit company, Nice knowing ya.

  • Lushed_Lungfish@lemmy.ca
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 hours ago

    I remember in the before times. When EA made decent games and we were all young, full of hope for the future, life and love were new.

  • caut_R@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    16 hours ago

    Just trimming some fat (and a leg or two)

  • rizzothesmall@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    38
    ·
    edit-2
    21 hours ago

    “We’re going to have AI write all the games now”
    ~ some exec

    • chiliedogg@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      7 hours ago

      They’re not a game company anymore. It’s getting the Toys R Us treatment. They’re a debt vehicle. They’re gonna borrow against its value, place all the debt into EA while pocketing the cash, and let it die.

      If we’re lucky, they’ll sell off the studios and IP before cutting it loose.

    • NekoKoneko@lemmy.world
      link
      fedilink
      English
      arrow-up
      16
      ·
      17 hours ago

      AI told me we can do it!

  • FreddiesLantern@leminal.space
    link
    fedilink
    English
    arrow-up
    29
    ·
    21 hours ago

    In this whole ordeal that has been EA … I can’t remember a single instance where they tried to do the right thing by listening to the consumer, or employees for that matter.

    It’s amazing they are still around even. Die quicker pls.

    • Polisheocket@lemmy.zip
      link
      fedilink
      English
      arrow-up
      8
      ·
      16 hours ago

      They own the rights to madden and college game day, those two alone can keep the doors open

    • MonkderVierte@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      ·
      10 hours ago

      Fifa games…

      • cmbabul@slrpnk.net
        link
        fedilink
        English
        arrow-up
        1
        ·
        2 hours ago

        And Madden, EA Sports, it’s in the game

    • Krudler@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      17 hours ago

      The sheer power of licensing hey

  • D_C@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    17
    ·
    21 hours ago

    People are still buying EA:s unfinished games? Wow.

    I admit that they got me a few times, but I quickly learned not to buy from them again.

    • numanair@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      2 hours ago

      But what was the last time you bought a finished game? PS2?

    • village604@adultswim.fan
      link
      fedilink
      English
      arrow-up
      3
      ·
      11 hours ago

      The sports games keep the lights on.

      • Trainguyrom@reddthat.com
        link
        fedilink
        English
        arrow-up
        3
        ·
        4 hours ago

        Sims is also an absolute juggernaut in very different circles from Madden and FIFA

    • Absolute_Slayer@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      11 hours ago

      I never forgot how EA destroyed battle field

  • brucethemoose@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    2
    ·
    edit-2
    9 hours ago

    deleted by creator

  • Donebrach@lemmy.world
    link
    fedilink
    English
    arrow-up
    28
    ·
    1 day ago

    Oligarchs oligarching. Every “publisher” and “developer” is firing everyone and are gonna very quickly vanish once it’s remembered that perpetual motion is impossible.

  • acosmichippo@lemmy.world
    link
    fedilink
    English
    arrow-up
    111
    ·
    1 day ago

    The Mass [Layoff] Effect

    • nullspace@lemmy.world
      link
      fedilink
      English
      arrow-up
      32
      ·
      23 hours ago

      The offices are now just a Dead Space.

      • criss_cross@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        5 hours ago

        Former engineers are referred to as Apex Legends.

  • warmaster@lemmy.world
    link
    fedilink
    English
    arrow-up
    82
    ·
    1 day ago

    This is great news, soon there will be no EA!

    • Strider@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      18 hours ago

      EA died a long time ago.

      • muusemuuse@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        7 hours ago

        Yet the zombie still harasses us.

      • Aceticon@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        7
        ·
        16 hours ago

        It think they were talking about the undead monster one.

        • Strider@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          ·
          11 hours ago

          I know, I know and everyone defines a different time when it happened. But it’s time for the zombie to… leave.

    • empireOfLove2@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      37
      ·
      1 day ago

      Perfect timing and a fitting fate, considering they are now owned by blood oil kings and nazi’s

      • nullspace@lemmy.world
        link
        fedilink
        English
        arrow-up
        14
        ·
        23 hours ago

        So no change, really.

    • CosmoNova@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      21 hours ago

      It would be if not all the wrong people profited from it.

    • Scrubbles@poptalk.scrubbles.tech
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      1
      ·
      1 day ago

      Maybe that’s a good thing. Maybe the last thing they would do is sell off the up to better firms.

Games@lemmy.world

games@lemmy.world

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.

Rules

1. Submissions have to be related to games

Video games, tabletop, or otherwise. Posts not related to games will be deleted.

This community is focused on games, of all kinds. Any news item or discussion should be related to gaming in some way.

2. No bigotry or harassment, be civil

No bigotry, hardline stance. Try not to get too heated when entering into a discussion or debate.

We are here to talk and discuss about one of our passions, not fight or be exposed to hate. Posts or responses that are hateful will be deleted to keep the atmosphere good. If repeatedly violated, not only will the comment be deleted but a ban will be handed out as well. We judge each case individually.

3. No excessive self-promotion

Try to keep it to 10% self-promotion / 90% other stuff in your post history.

This is to prevent people from posting for the sole purpose of promoting their own website or social media account.

4. Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts

This community is mostly for discussion and news. Remember to search for the thing you’re submitting before posting to see if it’s already been posted.

We want to keep the quality of posts high. Therefore, memes, funny videos, low-effort posts and reposts are not allowed. We prohibit giveaways because we cannot be sure that the person holding the giveaway will actually do what they promise.

5. Mark Spoilers and NSFW

Make sure to mark your stuff or it may be removed.

No one wants to be spoiled. Therefore, always mark spoilers. Similarly mark NSFW, in case anyone is browsing in a public space or at work.

6. No linking to piracy

Don’t share it here, there are other places to find it. Discussion of piracy is fine.

We don’t want us moderators or the admins of lemmy.world to get in trouble for linking to piracy. Therefore, any link to piracy will be removed. Discussion of it is of course allowed.

Authorized Regular Threads

  • Daily Screenshots by u/MyNameIsAtticus
  • Steam Deck / Gaming News by u/PerfectDark

Related communities

PM a mod to add your own

Video games

Generic

  • [email protected]: Our sister community, focused on PC and console gaming. Meme are allowed.
  • [email protected]: For all your screenshots needs, to share your love for games graphics.
  • [email protected]: A community to share your love for video games music
  • [email protected]: A community sharing free games giveaways.

Help and suggestions

  • [email protected]
  • [email protected]
  • [email protected]
By platform
  • [email protected]
  • [email protected]
  • [email protected]
By type
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
By games
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
Language specific
  • [email protected]: French
Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 1.18K users / day
  • 3.48K users / week
  • 7.69K users / month
  • 17.7K users / 6 months
  • 1 local subscriber
  • 50K subscribers
  • 8.69K Posts
  • 188K Comments
  • Modlog
  • mods:
  • Dremor@lemmy.world
  • JonsJava@lemmy.world
  • Dremor@jlai.lu
  • PerfectDark@lemmy.world
  • BE: 0.19.5
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org