Electronic Arts (EA) is laying off 300 to 400 employees and plans to cancel development of its Titanfall game, Bloomberg reported Tuesday, citing a person familiar with the cuts.

Of the total, 100 positions were chopped at the Respawn Entertainment unit, the report said.

"We've made select changes within our organization that more effectively aligns teams and allocates resources in service of driving future growth, an Electronic Arts spokesman said, according to the report.

Electronic Arts didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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