According to Bloomberg’s Jason Schreier, the company has ended up with $18 billion in debt, with around $1.8 billion being paid annually in interest alone. Along with this, he also noted that the company wants to cut its annual costs down by $700 million. While the company hasn’t outright said it, the phrasing indicates that EA is bracing itself for a large round of layoffs to be able to hit its targets. As for the future of the company, it is currently unknown where EA’s layoffs will begin. The deal to acquire EA is valued at around $55 billion, with EA taking on quite a bit of debt to make payments.