2 outlets - including Wccftech and Polygon - are covering this story.
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Wccftech
· Aug 5, 13:30 UTC
EA’s $55 Billion Buyout Saddles it with $18 Billion in Debt, and Bloomberg Warns Mass Layoffs Are Coming
With the $55 billion buyout of Electronic Arts (EA) officially done and dusted, certain internal studios are increasingly worried about what's coming next. The publisher previously stated there wouldn't be layoffs right away, but it took on…
Polygon
· Aug 5, 10:39 UTC
Mass layoffs may be in EA's near future after leveraged buyout raises company debt by $18 billion
EA has told debt investors that it will cut $700 million annually, including $170 million in 'organizational efficiencies.'