Square Enix has confirmed upcoming layoffs and office closures as it prepares to once again restructure its US and other Western businesses.
Rumors of layoffs within the Western offices had been circulating for some time, but the company recently made the news official by releasing a financial presentation on its investor relations website. This presentation confirmed the decision to reduce its Western presence and re-prioritize resources back to its core business in Japan.
Western operations for Square Enix have been on the decline for quite a while. In 2022, the company sold off several of its Western studios, including Crystal Dynamics, Eidos, and Square Enix Montreal.
Additionally, Square Enix has had to shift its focus before, moving from exclusive titles to multiplatform releases. This change came after slower-than-expected early sales of Final Fantasy 7: Rebirth, prompting the company to rethink its approach to global markets.
As Square Enix navigates this new restructuring, it aims to strengthen its home base in Japan while streamlining operations overseas. More details are expected to emerge as the company moves forward with these changes.
https://www.shacknews.com/article/146732/square-enix-western-layoffs-closures
