Recent layoffs in the workforce
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Recent company layoffs - EA( Sebastian Willnow / AFP/Getty Images )
Electronic Arts Inc.
Announced: Feb. 3
Number of layoffs: 1,100 jobs
Reason for the cuts: It looks to trim costs and restructure its business. Chief Executive John Riccitiello said "a significant portion" of the quarter's shortfall, as well as the company's sharply reduced outlook for the rest of the year, has to do with EA's own performance.