EA Lays Off Hundreds of Employees

@RoseOfQuartz According to the announcement, that's sort of the idea of this. Notice how it was primarily marketing and such.

@woard Yea, they're only making about a billion dollars a year in profit is all, and are currently hiring 548 people.

@DaisyGonzo They are actually relocating most of the people. Their job closed, but they get first dibs for a new position. All of the news I have seen glosses over the fact that while they are removing 350 jobs, they are hiring 548. Of course, it isn't clickbait news to say that EA is adding nearly 200 jobs.

@zechio Oh sheesh. Good to know tho. Thanks for clearing that up!

@STARBUCK1215 I think it is starting a bit though. A lot of gamers are tired of the predatory micro transactions, unfinished games at releases, and numerous other problems. I think a recession could help improve the game industry though

@STARBUCK1215 yeah you could be right. One news source tells you the economy is great and the other makes it sound like the world is ending tomorrow. Maybe the gaming companies will move in the right direction.

@STARBUCK1215 If you read a little more detail, you'll see they're really talking about different parts of the economy, and it does indeed all point towards a recession. For example, jobs are doing good...but they're slowing down, and actual pay increases haven't been great. People on average have lower taxes, but not as low as expected, and aren't really spending the extra kept. ( Especially the rich are notorious for this...and money not spent is money taken out of the economy. ) Sub-prime mortgages ( you know, the number 1 factor for the previous recession/depression ), are still astronomically high. House sales are slowing down, despite falling interest rates. Plus, recessions just follow off of great economies. Things tend to balloon past their true values because it all looks good, then eventually something gives way and pops. Once enough fear sets in, it all collapses, again past the true value. It just really sucks for those of us that aren't super rich, who can actually afford to buy like crazy when the economy goes to shit, and sell when it's at the peak.

@zechio yeah those are good points and it does worry me that if people keep saying the word recession it will eventually just happen do to fear.

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