Electronic Arts, which recently completed a move to private ownership, has reportedly told the lenders financing that deal that it plans to cut around $700 million in annual costs, a signal that significant job losses are likely. The disclosure suggests the new owners are moving quickly to reshape EA's cost base as part of servicing the debt taken on to fund the buyout, raising concerns among staff and industry observers about the scale of upcoming cuts.

Details remain limited, as reporting on the figure stems from information reportedly shared with EA's new debt holders rather than an official company statement. The scale of the proposed $700 million reduction points towards substantial restructuring across the publisher, though EA has not publicly confirmed specific numbers of job losses or which studios or divisions would be affected.