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EA to axe 500 jobs after lower profits
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Written by Danrok   
Monday, 03 November 2008 11:44

From the BBC:

Video game publishing giant Electronic Arts (EA) is to shed more than 500 jobs, after the firm announced lower than expected profits for the year.

Nearly 20% of its share value was wiped out after the profit warning, with its shares closing at $22.78.

EA said that higher development and marketing costs, as well as delays to the latest Harry Potter video game, were to blame.

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