EA Drops Spielberg Team??? News

Speculation has today emerged online that Electronic Arts may have made redundant a majority of the development team working on one of the titles produced by Steven Spielberg.

According to reports from VG247, one EA employee has revealed that "almost everyone on the team has gone".

The news comes as the publisher announced its latest financial results, which revealed increases losses of $310 million for the quarter ending September 30th.  EA also confirmed in the report that its global workforce would be cut by 6%, around 500 to 600 people.

"Considering the slow down at retail we've seen in October, we are cautious in the short term," said John Riccitiello, Chief Executive Officer at Electronic Arts. "Longer term, we are very bullish on the game sector overall and on EA in particular. The industry is growing double-digits on the strength of three new game consoles and increases in the number of homes with broadband internet connections. EA is well positioned to benefit from these technology drivers due to the strength of our creative studios and our broad collection of game properties--from The Sims, to Spore and Madden NFL, to Warhammer Online."

It's unclear whether development on the game has been canned, or shifted over to another EA studio.