GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links.

Layoffs hit Square Enix Europe

Square Enix layoffs to hit European and UK offices; exact employee numbers unknown.


Square Enix has begun a round of layoffs in its UK and European offices.

In a statement to MCV UK, the company confirmed the news. The announcement comes after the publisher saw an "extraordinary loss" for the financial year ended March 31.

No Caption Provided

Speaking to the trade publication, Square Enix said, "We are reviewing our business in Europe to ensure we have the right structure, content, and skills for the changing entertainment landscape."

"We do expect changes to the UK office, which will affect personnel. We will update you when the time is right, but our priority right now is for the people within the business.”

Last month, Square Enix president Yoichi Wada resigned from the company following the announcement of an expected 10 billion yen loss for the 2012-2013 financial year. Despite being well-received critically, sales for big-budget Square Enix titles Tomb Raider, Hitman: Absolution, and Sleeping Dogs failed to meet expectations in the North American market.

Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
Sorry, but you can't access this content!
Please enter your date of birth to view this video

By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy

Got a news tip or want to contact us directly? Email

Join the conversation
There are 191 comments about this story