The country's second-largest video game company moved to squash rumors that it was in the process of laying off between 500 and 1,000 employees yesterday.
"We're growing and we're looking to hire hundreds of people for our digital, console, mobile and social games," a company spokesman is telling Reuters, eventually pointing out that EA expects to grow its overall head count this year.
However, the subsequent edits to the original Reuters article -- where claims that EA "denies" the layoff chatter was changed to "dismisses" and a reference to "restructuring" at EA was corrected to "reshuffling" -- are just as telling.
If EA is "reshuffling" its workforce, it's a sign that traditional games aren't panning out the way the industry -- after three rough years -- was hoping.
Of course EA wants more skin in mobile and social. It's a booming market, and even market leader Zynga
Whether EA is "reshuffling" or not, many of the faces of traditional gaming are taking steps back.
Larger rival Activision Blizzard
EA and GameStop have been aggressively fortifying their digital initiatives, but it remains to be seen if the low prices and flimsy moats of the app realm will ever translate into the material profitability that the companies feasted on in the past.
Euphemisms and spin aside, the video game industry isn't getting any better.
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Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.