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Madden maker Electronic Arts to lay off 5% of staff amid gaming industry contraction | CNN Business

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Clare Duffy
Clare Duffy
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New York CNN  — 

Electronic Arts plans to lay off 5% of its employees, making it the latest company in the gaming and tech space to reduce its workforce.

EA, the maker of lucrative game franchises such as the Madden NFL games and Apex Legends, said the layoffs are part of a broader restructuring aimed at supporting “strategic priorities and growth initiatives,” according to a Tuesday securities filing. EA added that it plans to reduce its office space footprint.

The company also indicated it plans to make changes to its future content slate.

“We

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