Square Enix Cuts Jobs in Global Restructuring Shift
▼ Summary
– Square Enix is implementing a fundamental restructuring that shifts resources away from overseas development studios and puts over 100 jobs at risk.
– The restructuring aims to strengthen global publishing capabilities and improve operational efficiency by consolidating the overseas publishing organization.
– The company is closing overseas development studios and consolidating development functions in Japan to optimize resource allocation and maximize IP value.
– Square Enix is notifying staff in the UK and U.S. of redundancies, with 137 jobs currently at risk in the UK, though the exact number in the U.S. is unknown.
– This decision was made to strengthen the development structure and drive a globally integrated marketing strategy for long-term growth, with support provided to departing employees.
In a significant strategic pivot, Square Enix is undergoing a fundamental restructuring that involves shifting resources away from its international development studios. This move places more than one hundred positions in jeopardy as the company refocuses its efforts. An internal presentation, made public on the firm’s official site, outlines a reorganization of its overseas publishing arm designed to bolster worldwide publishing strength and enhance operational effectiveness.
Reports indicate this forms part of a broader initiative to consolidate the publisher’s business activities and concentrate on internal game development based in Japan. Employees in the United Kingdom and the United States are currently being informed about potential layoffs. While the precise number of U.S. roles affected remains unclear, sources suggest that 137 jobs in the UK are presently at risk.
The company explained that a thorough review of its development pipeline was undertaken to reinforce Group-wide development capabilities and optimize how resources are allocated for maximizing intellectual property value. Consequently, a decision was reached to shutter overseas development studios and consolidate those functions within Japan.
In an official press statement, Square Enix expressed that reorganizing its North American and European operations is intended to fortify the development framework and implement a globally unified marketing approach. Leadership described the choice as exceptionally difficult, reached only after meticulous deliberation and analysis to secure the Group’s sustained long-term expansion.
The company also shared its profound appreciation for the skilled employees who will be leaving, acknowledging their substantial contributions. Throughout the transition, Square Enix has committed to treating every person with the highest regard and ensuring comprehensive support is available. The exact total number of roles impacted by these restructuring plans has not been officially disclosed.
(Source: Games Industry)
