Gamasutra reported EA responding to media speculation that the companies bottom line will be hit with the layoff of internal studios. Electronic Arts responded by saying that some of the media reports are "exaggerated" and "flat out wrong". EA Vice President Jeff Brown said :
Although the company still won't provide specific details, it's unwise to believe everything you read.
"It would be very difficult for anyone to accurately assess the restructuring based on rumors and estimates running in the media," says Brown. "I hope analysts will withhold judgment until we’ve offered a more complete story in our scheduled earnings call on February 3."
I'm pretty sure the economic condition will affect the company growth though(if the layoff don't do it for them).
Read the entire news article here
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