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EA will spend over $125 million laying off 5 percent of its workforce
(www.gamedeveloper.com)
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this post was submitted on 28 Feb 2024
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The severance I get, but why is closing offices costing them so much. And what are “ licensor commitments?”
cause commercial rental is a commitment, if you can't find another company to take over your lease, chances are you have to pay the majority of left over amount + penalty + restoration. Licensor commitments are similar but probably on tech/software licensing, ie. server rentals, Maya/Speedtree licensing agreement for the site, whatever cloud service they use for backup and share stuff, etc. Those at bigger scale aren't paid year to year like your regular indie studio just subscribe to Adobe/Autodesk for app uses per seat.
Probably all the hardware and shit they have at those offices, too. Likely all leased.