Electronic Arts, the world’s biggest video game publisher, is closing its Norman Foster-designed European headquarters in Chertsey, Surrey to cut costs.

The video games giant, which is responsible for games like My Sims and FIFA 08, announced the closure in its second quarter results, along with a net loss of $195m (£93.6m). Its pre-tax profits were down by 45% year-on-year.

It estimates that the closure, along with around 350 job losses worldwide, will save up to $30m (£14.4m).

In a statement, EA said it would be ‘relocating and/or eliminating certain job positions, incurring costs in connection with lease and other contract terminations, and incurring IT and consulting costs to assist in the reorganisation of business support functions.’

Electronic Arts also occupies 90,000 sq ft Onslow House in Guildford.

DTZ will advise Electronic Arts on the options for the site.