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Post by Eorl @ 11:33am 03/04/13 | 0 Comments
Continuing the bleak news of more hard working developers out of jobs, Polygon are reporting that Square Enix's Los Angles studio in California have been hit with a new round of layoffs in the wake of a company-wide restructuring, according to the company.
"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," Square Enix senior director of public relations Reilly Brennan wrote in a statement to Polygon. "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."
The representative has not clarified as to the extent at which the layoffs have affected the studio, but according to a source close to the cuts made today has said the layoffs have affected "top to bottom." Earlier in December last year the LA office was hit with several layoffs "to ensure it is operating effectively."

Square Enix previously announced in March that the company was to expect an "extraordinary loss" for the quarter ending in March 31, and would "implement major reforms and restructuring in its development policy [and] organizational structure." The company has since blamed slow sales of major console game titles in North America and Europe, which could be due to gamers awaiting the release of next-gen consoles. Square Enix CEO and president Yoichi Wada had also announced that he would be resigning from the company in wake of the announced loss.



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