Electronic Arts (EA), known for games like Madden NFL and Apex Legends, announced its plan to lay off five percent of its workforce and discontinue work on several projects. This announcement is part of the ongoing downsizing trend in the gaming and tech industries, resulting in numerous job losses. According to a Tuesday securities filing, EA stated that these layoffs are part of a broader restructuring initiative aimed at supporting strategic priorities and growth initiatives. The company also plans to reduce its office space footprint. Last year, EA reduced its workforce by 800 employees, while Epic Games cut 830 jobs in September. In January, Tencent’s Riot Games announced an 11% reduction in its workforce, and Microsoft disclosed plans to cut 1,900 jobs from its Activision Blizzard and Xbox gaming divisions. On Tuesday, Sony revealed its plan to cut 8% of its global workforce, equating to around 900 jobs. Based on EA’s annual report from May of the previous year, the company had 1...