Electronic Arts have announced they will be cutting about 6% of their workforce as they restructure their team and review their real estate portfolio.

Currently, Electronic Arts employs 12,900 globally, which means they appear set to cutting roughly 774 jobs when this is all finished.

“This is the most difficult part, and we are working through the process with the utmost care and respect.” EA CEO Andrew Wilson said. “Where we can, we are providing opportunities for our colleagues to transition onto other projects. Where that’s not possible, we are providing severance pay and additional benefits such as health care and career transition services”.

These decisions are expected to be made during the early part of the next fiscal year, which begins next month on April 1st, 2023.

While these cuts are meant to save money, EA will also be incurring major charges as well from these layoffs and restricting. An 8K they filed (via Games Industry) to the SEC reveals they expect to incur $170 million to $200 million in charges.

According to the same filing, their restructuring plans, and layoffs as a result, are expected to be finalized in September of this year.

While layoffs are a sign of financial troubles as shown with recent layoffs of other major companies, Electronic Arts don’t seem to be in trouble with recent deals like Marvel and the Premier League.