According to a report on Startup Grind, a site that normally deals with tech companies and their founders, publisher Electronic Arts will very soon lay off as many as 1000 employees.
Originally planned to take place last week, the lay offs have reportedly been slightly postponed, though may now take place " as soon as this week".
The report claims between 500-1000 employees will be affected. That's a lot of people, even for a company as big as Electronic Arts.
Startup Grind's report goes on to speculate the layoffs are a result of a disappointing 2011 in which a few hit games (like Battlefield 3) had their sales overshadowed by an overspend on marketing, expensive acquisitions and disappointing subscriber numbers for big-budget MMO Star Wars: Old Republic.
We've contacted EA for confirmation, and will update if we hear back.
UPDATE - EA has issued a statement on the matter, telling MCV "There are no lay-offs as such, we always have projects growing and morphing. At any given time there are new people coming in and others leaving. EA is growing and hiring and building teams to support the growing demand for digital games and services."
Exclusive: Electronic Arts Set To Lay Off +500 Employees [Startup Grind]