EA Loses Money

Electronic Arts has posted a significant loss for their third Quarter - $641 million! Last year, EA posted a $33 million loss in their third quarter.

With the loss, EA plans to lay off 1,100 workers(11% of its employees) and close 12 of its facilities.

Analysts say that EA actually made more money this year than last, but they had predicted a much bigger gain and had increased their spending as well - leading to the loss.