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Electronic Arts is up to some serious fall cleaning. Today an internal memo from EA Games president Frank Gibeau revealed that EA's Chicago studio will be shut down. This is shortly after Electronic Arts posted its second-quarter revenues, which fell 18 percent to $640 million — and just a year after it opened the studio, which was responsible for the Fight Night franchise. This is just the latest in a series of cutbacks.

The Redwood City conglomerate had already announced it was shutting down one of its studios in England during its earnings call. And recently, another pink-slip distributing memo detailed cutbacks at Mythic and EA Redwood Shores. Granted, EA is a bloated publisher known more for shoveling out ports, sequels and licensed products than for its groundbreaking original work. But these cuts and the $860 million purchase of Bioware and Pandemic Studios seem more like a desperate Hail Mary than a well-planned offense.