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.
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.
Sclash - Console Release Date Trailer Kingdom Come: Deliverance 2 - Official Cinematic Announcement Trailer Stellar Blade - BIBI ‘Eve’ Official Music Video Trailer | PS5 Apex Legends: Urban Assault Collection Event Trailer Total War: WARHAMMER III - Elspeth von Draken Gameplay Showcase Genshin Impact - "Arlecchino: Sleep in Peace" | Official Character Teaser Minecraft – Kung Fu Panda DLC Trailer Potionomics: Masterwork Edition - Official Announcement Trailer Snowbreak: Containment Zone - "Gradient of Souls" Version Trailer Harold Halibut GameSpot Video Review Nancy Drew: Mystery of the Seven Keys | World Premiere Official Trailer Modern Warfare III & Warzone - Official Cheech & Chong Bundle Gameplay Trailer
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 news@gamespot.com
Join the conversation