Unnamed insider sources told Kotaku on Thursday that video game developer Electronic Arts (NASDAQ:EA) is laying off up to 10% of its staff. The company’s workforce numbered about 9,000 at the end of last year.
The company subsequently confirmed that it is reducing its workforce in a post on its corporate blog, saying that the cuts were decided on after it “aligned all elements of its organizational structure behind priorities in new technology and mobile.” Electronic Arts did not provide details regarding the number of employees laid off or how the reductions were distributed across its departments.
Known for popular video game titles, including The Sims, Battlefield and Madden, earlier this month rumors surfaced that Electronic Arts was looking for a buyer.
Shares of Electronics Arts rose almost 1% in Friday morning trading.