Square Enix Lays Off Employees at Los Angeles Office - News

by William D'Angelo , posted on 03 April 2013 / 3,375 Views

Square Enix laid off several employees at its Los Angeles office. The news was confirmed by Joystiq which received a statement from a Square Enix representative. This news comes a week after Square Enix CEO and president Yoichi Wada resigned due to the company losing money in the quarter ending March 31, 2013.

"We can confirm that Square Enix's Los Angeles office has eliminated a number of positions as part of the corporate restructuring announced last week," said a Square Enix representative in a statement. "This is an unfortunate situation and we are offering assistance and severance packages to any employees affected by this, we want to thank them for their hard work and sincerely wish them well in the future."

Two anonymous sources have told Joystiq that Square Enix America is mainly handles marketing, public relations and other logistics in the region. Half of the marketing team has been let go, which number about 10 employees. three or four of the seven employees on the public relations team will be let go after E3.

One of the sources states that "Close to around 20" employees were let go in the accounting, IT and events teams. Also between five and 10 employees left the community and support team last week.

Also president and CEO at Square Enix America Mike Fischer is rumored to be let go sometime in May. The head of marketing is also expected to be let go right after E3. Layoffs are also expected at Square Enix's Japanese and European divisions.

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Booyah (on 03 April 2013)

With the way developers are laying people off, I would hate to see how bad they would panic if the PS4/Nextbox start off slow with the sales.

VGKing (on 03 April 2013)

I just don't get it. How is laying off your marketing teams the answer? If anything that will make things worse.