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EA Explains Portfolio Cuts, Outlines Strategy
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Posted by Donster on: 2008-12-10 16:46:18 345
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By Nick Breckon @ ShackNews
After admitting that its sales forecast has fallen short for this holiday season, publisher Electronic Arts detailed its cost-cutting strategies in a conference call earlier today, bluntly stating that cuts to both its project lineup and staff will be necessary.
EA CEO John Riccitiello explained the areas where the company would likely make cuts: "I would say not in sports, and divided relatively evenly between core and casual."
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