The lights are on
[Update] Joystiq has received word from sources at Square Enix that requested anonymity regarding the depth of job cuts. According to the report, layoffs affect marketing, public relations, accounting, IT, events, and more. President and CEO of Square Enix's US operations Mike Fischer will also be departing the company. Those affected will not all be leaving immediately, with public relations notably staying on through E3. We've reached out to Square Enix for comment.
Following reports that key Square Enix titles fell short of internal expectations, the publisher has today announced "corporate restructuring" that leaves an unknown number of individuals out of work. Game Informer received the following comment from a company representative.
"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. 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."
Game Informer has received a briefing document in Japanese, which carries more detail than its English counterpart. Our internal translation indicates that Square Enix's targets for Sleeping Dogs, Hitman: Absolution, and Tomb Raider (which set franchise sales records) were markedly higher than the actual, already impressive figures. Here are the comparisons:
Sleeping DogsActual: 1.75 million unitsExpected: 2 - 2.5 million units
Hitman: AbsolutionActual: 3.6 million unitsExpected: 4.5 - 5 million units
Tomb RaiderActual: 3.4 million unitsExpected: 5 - 6 million units
All three of these were critically acclaimed and enjoyed by fans, carrying impressive sales numbers (without accounting for exceedingly high anticipated figures). It's hard not to draw a line between the departure of president and CEO Yoichi Wada due to the publisher's poor financial performance and missed sales targets and these layoffs. We are hopeful that the employees that have been impacted by this restructuring find new employment soon.
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I don't know what dark corner of his rectum Wada pulled his numbers from but it is his ignorance that cost these people their jobs. Square needs a western branch that gets immunity from the parent company in Japan.
Geez...if I was a game Dev. I'd be happy to see these numbers. Even in 3 weeks. Though the problem is that I think Square Enix is a bit behind the times and not realizing the money issues gamers are facing. I am not totally willing to always pay 60 bucks for a new game. I always wait until the prices goes down at least to 50 or even 40. I mean at times some games are not worth 60 bucks and really.....Tomb Raider was not a 60 buck game as it just doesn't have replay value. Hitman: Absolution is iffy on the price. Sleeping Dogs I feel does a bit as it is an open world and can do a lot.
So....yeah...Square Enix stop living in the year 2000. We are in the year 2013 and need to set your goals a bit lower. After all you cannot always play with the big boats in the West. Though most of them are 3rd-person and 1st-person shooters and RPGs are just dying....which is sad. So best for you Square to keep in the RPG market and dominate it like always.
digital sales arent even counted in those numbers too.
are these lifetime expectations or day one expectations either way they are stupid and crazy
Tomb Raider sold 3.4 Million copies already? And that's not enough? That's more than any other Tomb Raider title, and way more than most games ever sell. Square Enix has issues.