Electronic Arts cutting 1,000 jobs

Majority of layoffs will come before April

Video game publisher Electronic Arts said Friday it will cut 1,000 jobs, or 10% of its work force, as part of a restructuring plan that will save around $120 million a year.

The company plans to take charges of $55 million to $65 million over the next several quarters and complete the majority of job cuts by March 31. The restructuring will see the consolidation or closure of at least nine studio and publishing locations.