EA Cuts More Jobs as $55 Billion Saudi-Backed Buyout Awaits Final EU Approval

GameRant · 2d ago

Electronic Arts has begun a fresh round of layoffs touching customer support, IT and recruitment staff in the US and India, marking the company's third cut of the year. The job losses come as EA's roughly $55 billion take-private acquisition by a consortium led by Saudi Arabia's Public Investment Fund, Affinity Partners and Silver Lake awaits its last regulatory sign-off after clearing a shareholder vote in December. The deal had targeted a June 30 close, but EU antitrust review now pushes the timeline toward a July 22 deadline.