Square Enix has confirmed upcoming layoffs and office closures as it prepares to restructure its US and other Western operations once again.
Amid circulating rumors about potential layoffs in its Western offices, the company recently published a financial presentation that officially confirms its plans to reduce its overseas presence. The focus will shift back to prioritizing resources in its home market of Japan.
The financial presentation, which was uploaded this week to Square Enix’s investor relations website, provides clear details about the impending layoffs and strategic changes.
Square Enix’s Western operations have been in decline for some time. In 2022, the company sold several of its Western studios, including Crystal Dynamics, Eidos, and Square Enix Montreal. This move reflects ongoing challenges in the Western market.
Additionally, Square Enix has been forced to adjust its development strategy before. Following slower-than-expected sales of Final Fantasy 7: Rebirth, the company shifted from developing exclusive titles to focusing more on multiplatform releases.
These steps underline Square Enix’s intent to streamline its business overseas and refocus efforts on its core operations in Japan.
https://www.shacknews.com/article/146732/square-enix-western-layoffs-closures
