Electronic Arts Cuts 1100; Panasonic 15,000

Redwood Shores-based Electronic Arts (ERTS: 17.89 0.00%) has announced it is cutting 1,100 jobs and closing 12 facilities. This is in addition to previous 600 job cuts it had announced in October. 

Panasonic (PC: 14.79 0.00%) also announced job cuts of 15,000 worldwide, and closures of 27 plants worldwide. It’s unclear how many of those job cuts will be in Silicon Valley, but the company does lease several offices in and around Silicon Valley for its many divisions.

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