Video game publisher Electronic Arts Inc., whose titles include Rock Band, posted a wider quarterly net loss Thursday and said it is laying off about 6 percent of its work force to cut costs as it heads into the most lucrative season for the games industry.
The company, which makes its Madden football games in Orlando, lost $310-million, or 97 cents per share, in its second fiscal quarter. A year earlier, it lost $195-million, or 62 cents per share. Sales jumped 40 percent to $894-million.
Chief financial officer Eric Brown said the company remains "cautiously optimistic" about the holidays. EA, like other video game companies, makes the bulk of its money in November and December.