Saudi-acquired EA is reportedly planning to make massive cuts after taking $18 billion of debt, and we all know what that means

Saudi-acquired EA is reportedly planning to make massive cuts after taking $18 billion of debt, and we all know what that means Layoff season isn't over. Electronic Arts has officially now passed into the hands of Saudi Arabia—specifically, the Saudi Arabia Public Investment Fund, as well as firms Silver Lake and Affinity Partners. The news comes courtesy of Bloomberg's Jason Schreier, who posted to Bluesky: "EA officially goes private tonight, meaning: EA will no longer trade on the NASDAQ for the first time in 36 years, all stockholders of EA (including many employees) will receive $210/share, [and] EA will take on $18 billion (!) in debt, putting it on the hook to pay ~$1.8 billion/year in interest. Large-scale acquisitions like this typically result in mass layoffs and studio closures, as was the case with Microsoft's $68.7 billion purchase of Blizzard, which resulted in a bloodbath of 1,900 laid-off employees across the company and Xbox.