Videogame maker Electronic Arts (EA.O) , opens new tab said on Wednesday it would reduce 5% of its workforce, as the industry struggles to grow amid high interest rates.
The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in real estate.
A lot of those executives own real estate and need to keep those numbers up. I wonder how long before we pay people to sit in offices just so they can inflate their value.
Wait a minute…