From Engadget · Kris Holt · · 1m 20s
EA shuts BioWare, cuts 400 jobs after going private
Electronic Arts closes the Mass Effect and Dragon Age studio and lays off three percent of its workforce following a leveraged buyout that left the company with twenty billion dollars in debt.
In brief
Electronic Arts closes the Mass Effect and Dragon Age studio and lays off three percent of its workforce following a leveraged buyout that left the company with twenty billion dollars in debt. EA closed BioWare and cut around four hundred jobs after the company went private and took on twenty billion dollars in debt…
EA goes private and takes on massive debt
Electronic Arts went private and its new owners saddled the company with twenty billion dollars of debt, forcing major changes to the business.
BioWare closes after failed games
EA shut down BioWare, the studio behind Mass Effect and Dragon Age, after Anthem and Dragon Age: The Veilguard failed to meet sales expectations. The Edmonton office will close entirely.
“BioWare is a legendary studio that helped define the role-playing genre, and we do not take this decision lightly.”
Four hundred jobs cut across EA
EA is laying off around three percent of its workforce, approximately four hundred people. The company said it will help affected workers explore other opportunities within the company.
Restructuring across multiple studios
Full Circle, the Skate developer, is being reduced to a smaller team. Maxis is pausing Project Lotus to focus on Project Evergreen. Respawn and Dice are collaborating on Star Wars: Battlefront three.
The big picture
EA closed BioWare and cut around four hundred jobs after the company went private and took on twenty billion dollars in debt, citing failed games and the need to restructure.
