Electronic Arts to cut 5% of workforce in restructuring plan
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Oppenheimer Comments on Electronic Arts (EA) Restructuring Plan
February 29, 2024 5:20 AM ESTOppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $150.00 price target on Electronic Arts (NASDAQ: EA)
The analyst comments "On 2/28 after market, EA announced a restructuring plan aimed at cost reduction. The plan includes office space reduction, licensor commitments, and headcount reduction impacting 5% of its workforce. The... More
