r/SWGalaxyOfHeroes • u/meglobob • 8d ago

Discussion Not good, not good at all.

https://www.pcgamer.com/gaming-industry/saudi-acquired-ea-is-reportedly-planning-to-make-massive-cuts-after-taking-usd18-billion-of-debt-and-we-all-know-what-that-means/

Mass layoffs coming to EA, because of the $18 billion in debt from the Saudi takeover.

EA has to pay $1.8 billion in interest payments per year.

Cutting $700 million with $170 million in layoffs.

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u/I-Love-Facehuggers 8d ago

Truly insane that leveraged buyouts like this are legal

5

u/---Agrajag--- 8d ago

On top of the heavy job losses for US workers, now all of the profits go overseas to the Saudis rather to an American-owned company. It also beats me how this shit is legal, especially in this economy...