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Electronic Arts Inc. (NASDAQ:EA) Laying Off Staff at Montreal studio – EA, GLUU, ATVI, IGT, ROVI

The Videogame publisher Electronic Arts Inc. (NASDAQ:EA) declared that it has started eliminating jobs at its Montreal game studio in its newest round of jobs reduces, lower than a month following former CEO John Riccitiello abruptly resigned.

The firm, recognized for its “FIFA” and “Sims” games, refused to divulge the number of jobs affected, or how numerous employees it has in Montreal, where it has urban console games similar to Army of Two.

The Redwood City, California-based firm declared in a statement that EA is sharpening its focus to provide games for new platforms and mobile. In several cases, it involves cutting team sizes as they evolve into a more efficient organization.

Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Glu Mobile Inc. (NASDAQ:GLUU) up +1.61%, Activision Blizzard, Inc. (NASDAQ:ATVI) decreased -0.31%, International Game Technology (NYSE:IGT) which also decreased -2.18% and Rovi Corporation(NASDAQ:ROVI) closed at -0.19%.

Electronic Arts Inc. (NASDAQ:EA)stock’s trade at beginning with a price of $17.53 and in ongoing trading session climbed at a high of $17.56 other than after it traded decreased -0.74% to $17.50.

The stock is going forward its 52 week low with 10.77% and lagging behind from its 52 week high price with 19.51%. EA last month stock price volatility remained 2.72%.

EA stock insider ownership included 0.15%. In its share capital EA has 300.08 million outstanding shares among them 286.52 million shares have been floated in market exchange.

Company’s beta coefficient included 1.21. Beta factors measures the amount of market risk associated with market trade.

 


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