The lights are on
[Update] Square Enix has provided us with the following statement regarding the layoffs.
“We are reviewing our [Square-Enix] 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.”
The month of April has been filled with news of job loss and studio closures from across the industry. Square Enix has placed themselves back in the spotlight today, confirming to MCV that there will be cuts to the UK operation.
Square Enix laid off a number of employees in the United States earlier this month, citing missed sales targets for Tomb Raider, Hitman: Absolution, and Sleeping Dogs. By many accounts, the expectations for those three titles were unrealistic, setting up the studios involved and the related marketing and PR teams for failure.
The poor financial performance saw the exit of Square Enix CEO Yoichi Wada. Incoming president Yosuke Matsuda has promised a full review of the corporation's activities.