There's always a thorn that follows a rose, and with Electronic Arts, the employees felt the prick. The stock was up by 7.6% over May 2024 with a good Return on Equity average of 16%. While the shareholders rejoiced, the employees would probably head to Glassdoor to trash the workspace.
EA follows a strategy where they believe that paying dividends to shareholders and providing hefty compensation to the management keeps the company's financials looking good. The downside is a heap of disgruntled employees in the wake of their success.
In May 2024, Andrew Wilson, the CEO of Electronic Arts, said, 'We're in the era of generative AI, which is the most exciting yet by a fairly wide margin and something that we're embracing deeply. We think about it in three core vectors: efficiency, expansion, and transformation.'
He also declared that EA is watching the monetary benefits of generative AI and said, 'Where there is real personalized content, bespoke to me and bespoke to my friends, monetization is 10 to 20% greater,'
#electronic-arts #financial-strategy #generative-ai #shareholder-prioritization #employee-dissatisfaction
Collection
[
|
...
]