---
schema_version: "secwatch.filing_event.v1"
accession: "0000712515-24-000009"
form_type: "8-K"
ticker: "EA"
cik: "0000712515"
company_name: "ELECTRONIC ARTS INC."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:51:42.060737+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EA approves restructuring plan cutting ~5% of workforce, expects $125M-$165M in charges

## Summary
- Plan approved Feb 27, 2024; impacts ~5% of workforce (~780 employees based on prior headcount).
- Total estimated charges $125M-$165M: office space $50-65M, severance $40-55M, licensor commitments $35-45M.
- Cash expenditures expected $105M-$150M; actions substantially complete by Dec 31, 2024.
- Plan includes portfolio rationalization, sunsetting games, and moving away from licensed IP.

## SEC filing metadata
- accession: 0000712515-24-000009
- form_type: 8-K
- ticker: EA
- cik: 0000712515
- company_name: ELECTRONIC ARTS INC.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712515/000071251524000009/0000712515-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712515/000071251524000009/ea-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712515-24-000009
- JSON: https://secwatch.observer/filing/0000712515-24-000009.json
- Plain text: https://secwatch.observer/filing/0000712515-24-000009.txt

## Key facts
- Restructurings & Charges
  ELECTRONIC ARTS INC. announced a restructuring with charges of $125 million to $165 million (approximately 5% of the Company's workforce).
  - Type: restructuring
  - Charge: $125 million to $165 million
  - Headcount: approximately 5% of the Company's workforce
  source text: On February 27, 2024, the Board of Directors of Electronic Arts Inc. (the "Company") approved a restructuring plan (the "Plan") focused on aligning its portfolio, investments, and resources in support of its strategic priorities and growth initiatives. These actions are consistent with the Company’s ongoing focus to deliver against its long-term strategy to drive durable growth, strong cash-flow, and stockholder returns. The Plan reflects actions driven by portfolio rationalization, including costs associated with licensor commitments, as well as reductions in real estate and headcount, impacting approximately 5% of the Company's workforce. The Company estimates that it will incur approximately $125 million to $165 million in total charges in connection with the Plan. These charges consist of approximately $50 million to $65 million associated with office space reductions, approximately $40 million to $55 million related to employee severance and employee-related costs, and $35 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/712515/000071251524000009/0000712515-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.