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EA will spend over $125 million laying off 5 percent of its workforce (www.gamedeveloper.com)

submitted 9 months ago by ylai@lemmy.ml to c/gaming@lemmy.ml

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[–] stevecrox@kbin.run 2 points 9 months ago* (last edited 9 months ago)

Every big UK company I have worked for doesn't own its building. They will typically agree to rent a building for 5-20 years at a fixed rate (longer times if its being purpose built for them) .

So I would expect this is paying out the rest of the rental agreements for a building to escape the building lease.

It is to do with financial reporting and the way asset and operational costs are reported.