New Delhi, Oct. 22 -- Electronic Arts (EA) is shutting down BioWare, the acclaimed studio behind the Dragon Age and Mass Effect franchises, the company announced in an internal memo to employees on Wednesday.

According to a Bloomberg report, the restructuring at the gaming giant will eliminate approximately 400 positions, equating to roughly 3% of EA's total workforce. Of those cuts, about 50 roles are at BioWare.

In the memo, Chief Studios Officer Cam Weber and Chief Operating Officer David Tinson wrote that "over the past several months, we've taken a hard look at our business."

The company said that a small team at BioWare had been doing early groundwork on a new Mass Effect game, but EA ultimately chose to drop the effort.

That de...