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[Thick Thighs Save Lives]

Square Enix is set to make an unconfirmed number of layoffs as part of its ongoing company restructuring, it told staff in an internal meeting on Monday, VGC understands.

According to people who were in attendance, Square Enix president Takashi Kiryu said that both the company’s American and European arms would be hit with layoffs, which will happen over the course of the next month.

The scale of the layoffs wasn’t shared, but staff were told that people working in publishing, IT, and Square Enix’s Collective indie games division would be predominantly affected.

Those affected will be informed this week. In the UK, employees will enter into a one-month consultancy period, as per local employment law, while US-based staff could leave their roles before June.

Following the internal meetings on Monday, many of Square Enix’s main Slack channels were locked, VGC was told.

VGC has asked Square Enix for comment on this story.

Square Enix confirms US, EU layoffs as part of restructuring | VGC

Publishing, IT, and Square Enix’s Collective indie games label are affected…

www.videogameschronicle.com

 

[adamsapple]

Dang, looks like their last couple of big games must have missed internal projections.

Hope the effected land on their feet.

 

[Punished Miku]

Dang, looks like their last couple of big games must have missed internal projections.

Hope the effected land on their feet.

Probably some of the small games too. SQEX Collective just put out Little Goody Two Shoes, and I'm sure it bombed.

Game is great by the way. Got it last year.

 

[mansoor1980]

coincidence?

 

[Metnut]

These guys seem to lead the industry in 85+ metacritic games that disappoint sales wise

 

[Ev1L AuRoN]

Xbox players don't buy games, I guess they should improve their PC output to launch day and date.

 

[NuclearDiarrhea]

Nomura's fault.

 

[Kenneth Haight]

#Alanahwasright

 

[Punished Miku]

coincidence?

Expect them to shake Gabe's hands next, then Miyamoto.

 

[S0ULZB0URNE]

Forwoken effect

 

[ChuckeRearmed]

So is "Square Enix destroying its own credibility"?

 

[Topher]

coincidence?

Causality?

 

[Mr Moose]

I think they should pursue NFT games next.

 

[GHG]

So is "Square Enix destroying its own credibility"?

They had credibility?

Kingdom hearts is still banished to the Epic Games Store.

 

[Topher]

"Those affected will be informed this week."

Wow.......they just made this the shittiest week ever for their employees. Nice job,SE

 

[Mr Hyde]

I love Final Fantasy and Square Enix big tent pole games but if this means they are cutting down on their smaller, more experimental games by "restructuring" the company only to focus on FF, then fuck that!

 

[feynoob]

2024 year of hell for devs

 

[feynoob]

"Those affected will be informed this week."

Wow.......they just made this the shittiest week ever for their employees. Nice job,SE

 

[Unknown?]

coincidence?

They would be completely shut down if that happened.

 

[West Texas CEO]

It's funny, though, how Enix has left certain cash-cows out to dry, like Chrono Trigger, DQ 3, etc. ..

 

[Punished Miku]

It's funny, though, how Enix has left certain cash-cows out to dry, like Chrono Trigger, DQ 3, etc. ..

I seriously doubt Chrono Trigger is a cash cow in any way. People said FFVII Remake was a cash cow too.

 

[West Texas CEO]

I seriously doubt Chrono Trigger is a cash cow in any way. People said FFVII Remake was a cash cow too.

Well, trust me because I am an expert.

 

[MagiusNecros]

I seriously doubt Chrono Trigger is a cash cow in any way. People said FFVII Remake was a cash cow too.

The only cashcow they have is Final Fantasy and I think we know how well that seems to be turning out for them. I feel like the revenue of FFXIV is doing the heavy lifting. Their other core franchises in KH and DQ don't do as much?

Chrono Trigger has been a dead IP for a long time. Last time there was anything CT/CC related were the remasters on the NDS and I think the CC port that butchered the music.

Not really sure what kind of future SE has.

 

[Lambogenie]

Sucks.

 

[Topher]

So is "Square Enix destroying its own credibility"?

Did they close a studio and then come out and say they needed to make more games like the ones the studio they closed made?

 

[Yoshichan]

I guess the "Square just shot themselves in the foot." guy was right after all.

 

[feynoob]

Did they close a studio and then come out and say they needed to make more games like the ones the studio they closed made?

Do they even have credibility?
These guys went after nfts like madmen.

 

[Three]

Dang, looks like their last couple of big games must have missed internal projections.

Hope the effected land on their feet.

Nope, it's cancelled projects which we didn't see and smaller games hence why "Square Enix’s Collective indie games division would be predominantly affected".

 

[Topher]

Do they even have credibility?
These guys went after nfts like madmen.

Sure but if we are going to call out parallels with Microsoft then there needs to be something more to it than a quote from DF.

 

[Sintoid]

We are lucky that there's still Japanese developers that respect their employees and their work
JK

 

[Mister Wolf]

Maybe next time you won't skip PC. All money ain't good money.

 

[Woopah]

Almost every week there seems to be more layoffs. We need third parties to be as successful as Capcom.

 

[cireza]

Causality?

 

[Ass of Can Whooping]

They had credibility?

Kingdom hearts is still banished to the Epic Games Store.

 

[digital_ghost]

Final Paycheck: Rebirth.

 

[feynoob]

Sure but if we are going to call out parallels with Microsoft then there needs to be something more to it than a quote from DF.

MS got Matt booty. I don't think square can rival that.

 

[Dr. Wilkinson]

Excited to see potentially FFVII remake releases on next-gen Switch and Series X. I will not buy a PS5 for a FF game.

 

[Goalus]

Sony-exclusivity must be poison for the revenue.

 

[Dr. Wilkinson]

Exclusivity must be poison for the revenue.

Fixed that for you.

 

[nosoynadie22]

Please fire the DEI department!

 

[nosoynadie22]

If they were smart, they would have released their games on PC and PS5 simultaneously, charging Sony just a little less for the console exclusivity, after all, PS5 and PC are 80-90% of the market for games like theirs.

 

[MISTER INVEIGLER]

Final Fantasy XVI effect.

 

[Cyberpunkd]

Dang, looks like their last couple of big games must have missed internal projections.

Hope the effected land on their feet.

It’s Square Enix, every single one of their games misses projections because they are delusional.

 

[Myths]

Some of these smaller teams are making uninteresting and absurd titles when they could be developing smaller scale FF/RPG/Hack ‘n Slash projects (similar to FF1-FF6). Something more in the field of a VAGRANT STORY… or a CHRONO CROSS … independent, original titles. OCTOPATH TRAVELER, BRAVELY DEFAULT, PARASITE EVE (or a very distant reimagining since rights were lost).

Instead, it’s a focus on nonsense mobile “cute” games.

 

[SHA]

Just make it triangle.

 

[adamsapple]

It’s Square Enix, every single one of their games misses projections because they are delusional.

And this time they don't even have a Western studio like Crystal Dynamics to blame it on.

 

[SHA]

It's time to put more stuff on ms gaming console.

 

[Woopah]

Some of these smaller teams are making uninteresting and absurd titles when they could be developing smaller scale FF/RPG/Hack ‘n Slash projects (similar to FF1-FF6). Something more in the field of a VAGRANT STORY… or a CHRONO CROSS … independent, original titles. OCTOPATH TRAVELER, BRAVELY DEFAULT, PARASITE EVE (or a very distant reimagining since rights were lost).

Instead, it’s a focus on nonsense mobile “cute” games.

I'm playing through Octopath Traveller II right now and it's fantastic. Glad Asano got promoted.

 

[Buggy Loop]

And this time they don't even have a Western studio like Crystal Dynamics to blame it on.

Nor Eidos montreal

Nor IO interactive

 

[Arsic]

They put out a fair amount of games every year. Or have been the last few years. With various approaches from sequels, high budget and low budget, to new IP, etc.

A lot of it is just “ok” games. Valkyrie Elysium, Diofield chronicle, etc are “ok” games.

I wish them success like capcom.