EA has announced the closer of their Black Box studio, responsible for Need for Speed and Skate.
The publisher announced a restructure that amounts to a 10% employee reduction (approx 1000 people) with the demise of one of their best studios. These cuts are supposedly going save $120mil US annually, although $55-65 million will be spent in restructuring costs.
It had previously been rumoured that Need for Speed would be cut, but it seems that it's only the studio who worked on recent entries that's being dumped. Developers from the Vancouver-based office, along with the franchises worked on will be moving to Burnaby, British Columbia.
Best wishes to those who won't remain with EA, especially during the holiday period.