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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?”
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.