Video gaming veteran Electronic Arts laid off 10% of its workforce this week, according to industry-watcher magazine Kotaku. The maker of The Sims, the Battlefield series, and the Madden Football franchise is trying to cost-cut its way out of a dying industry.
In this video, Fool contributor Anders Bylund highlights how far the traditional gaming industry has fallen under a sustained assault from smartphones and tablets. Can the old guard change quickly enough to survive in a totally different era?
While Activision and Microsoft have been taking the headlines when it comes to console gaming, Fools following the gaming sector would do well to also keep tabs on Electronic Arts. We can help. Our new special report breaks down the risks and opportunities facing the company to help you decide if EA is right for your portfolio. Click here to get your copy now.
The article Video Gaming Hurts: Heads Roll at EA originally appeared on Fool.com.
Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Activision Blizzard and Nintendo. Motley Fool newsletter services have recommended buying shares of Take-Two Interactive Software and Activision Blizzard. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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