Electronic Arts To Slash 1500 Jobs
November 10, 2009
Redwood Shores’ Electronic Arts (ERTS: 16.36 +1.55%) has announced that it will be cutting about 1500 additional jobs. These jobs cuts come on top of about 1100 jobs in February of 2009 cut in and 600 in October of 2008. The company recently bought its headquarters in Redwood Shores for some $233M.
Read More >>10% of Commercial Sales To Owner-Users In First Half of 2009
November 3, 2009
Business Week is reporting that 10% of commercial property transactions during the first half of 2009 were sales to owner-users. As rents and values have plummeted, users are stepping up to acquire assets and gain control of long term occupancy costs. An article by Business Week cites the recent purchase by Sotheby’s of its headquarters [...]
Read More >>Electronic Arts Cuts 1100; Panasonic 15,000
February 4, 2009
Redwood Shores-based Electronic Arts (ERTS: 16.36 +1.55%) 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: 12.88 -0.77%) also announced job cuts of 15,000 worldwide, and closures of 27 plants worldwide. It’s unclear how many of those [...]
Read More >>Electronic Arts and Motorola Announce Layoffs
October 31, 2008
The layoff trend continues as companies try to reign in costs and get in front of the economic “problem”. Small companies continue to cut staff, but the big ones this week were from Motorola and Electronic Arts. Motorola announced it will be laying off 3,000 employees and Electronic Arts 600. Electronic Arts maintains its headquarters [...]
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