With the $55 billion buyout of Electronic Arts (EA) officially done and dusted, certain internal studios are increasingly worried about what’s coming next. The publisher previously stated there wouldn’t be layoffs right away, but it took on a massive debt as part of this buyout, which Bloomberg’s Jason Schreier reckons can only mean “mass layoffs,” as the publisher is looking to save $700 million in annual costs. EA will take on $18 billion in debt, putting it on the hook to pay $1.8 billion/year in interest. EA’s annual EBITDA is around $1.5 billion, which should be enough to service the interest payments. But the […]
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