Shortly after EA was acquired by a Saudi consortium, Bloomberg journalist Jason Schreier revealed: "EA will go private following the completion of the acquisition, which will provide all EA shareholders (including many employees) with $210 per share. Meanwhile, EA will assume $18 billion in debt, resulting in approximately $1.8 billion in annual interest payments."
Schreier later stated: "EA's annual EBITDA is around $1.5 billion, which should be sufficient to cover the interest. However, the company has informed its creditors that it will cut $700 million in annual costs, including $170 million for 'organizational efficiency improvements'—in other words, massive layoffs."
It's worth noting that there are precedents for such events. Microsoft acquired Activision Blizzard for $68.7 billion, and shortly thereafter, the company and Xbox laid off more than 1,900 employees. EA had already conducted layoffs a few months before being acquired, and it remains unclear how many employees will be laid off as a result of this acquisition.