EA shares plunge 19%, on track for worst day since dot-com bubble
1. EA announced a 6% workforce reduction, impacting 780 employees. 2. EA's stock fell 19% after cutting full-year bookings guidance. 3. Global Football franchise performance significantly lower than expectations. 4. Expected net bookings for the year downgraded to $7-$7.15 billion. 5. Roth MKM analysts called earnings pre-announcement a 'big stumble'.