r/masseffect • u/deanpmorrison • 8h ago

NEWS EA's Garbage Statement on the Closure

https://www.ea.com/news/building-eas-next-chapter

TL;DR

They're laying people off and canceling projects, and they're up their own ass about it

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u/Chorik 8h ago

20 BILLION debt says it all. It was almost inevitable. Unfortunately way more layoffs coming before the year ends. 

It will prob end up like Toy'R'Us levered buyout, Saudi fund will parcel out the skeleton of the company in few years

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u/KnG_Yemma 8h ago

20 billion in debt sounds so grossly irresponsible for a company as big as EA, how the hell does that even happen?

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u/Maximum__Mango 8h ago

I guess everybody already forgot about the Saudi's $55 billion leveraged buyout of EA with the help of Jared Kushner?

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u/TheRealJikker 7h ago

I think a lot of folks don't realize how much of that buyout was transferred in debt onto EA.

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u/TheWandererKing 8h ago

PEPPERIDGE FARM REMEMBERS. AND THINKS JARED IS A TRAITOROUS SNAKE

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u/blue_line-1987 5h ago

Well, that's a requirement for a position in that regime.