Electronic Arts stated that there will be no "immediate changes" to its employee structure after undergoing a leveraged buyout

In light of Electronic Arts' recent decision to transition to a private company through a $55 billion acquisition, the company has reassured its workforce that there will be no "immediate changes" to staff levels. This announcement comes as a relief to employees concerned about potential layoffs.

Details provided in a SEC filing, noted by Stephen Totilo, clarify that EA staff will not see changes in their "jobs, team, or daily work" linked to this development. Questions about shifts in corporate culture were addressed by EA, stating no changes would occur.

"Our cultural commitments to creativity, innovation, passion, drive, leadership, and teamwork will persist," EA affirmed. "The consortium backs and plans to invest in our outstanding workforce and robust culture."

The consortium acknowledges EA's unique role in shaping future entertainment. Their purchase reflects trust in EA's strategic vision, the company elaborated, adding that the acquisition will enable faster movement and new opportunities globally.

EA believes this transaction will lead to enhanced innovation and expanded creative freedoms due to a more extended investment timescale. They anticipate concluding this deal within six to nine months, with the executive team remaining unchanged.

The agreement for EA to be acquired by a consortium, including the Public Investment Fund (PIF) of Saudi Arabia, Silver Lake, and Affinity Partners, was confirmed on Monday (September 29). PIF will integrate its current EA stake into this acquisition of 100% of the company.

For further insights into the investors involved, refer to our detailed explainer. To gauge industry sentiment regarding the acquisition, check analysts and leaders' reactions here.