Square Enix Warns of More Layoffs

Square Enix’s European arm will likely be getting more layoffs according to a statement from the publisher.

It’s been a rather wretched 2013 thus far for the gaming industry as far as layoffs go. This year has already seen layoffs for publishers such as EA...twice, NCsoft, Otherland developer RealU, and a number of others. EA CEO John Riccitiello also stepped down last month following financial losses at the publisher this year as did Square Enix CEO Yoichi Wada following what he called “extraordinary losses” relating to the changing environment of the gaming market.

But it seems that the bad news for Square Enix isnÂ’t over just yet despite some positive sales of several console games and the upcoming relaunch of Final Fantasy XIV: A Realm Reborn, the publisher is still struggling amidst a changing gaming market. Speaking with MCV today, a Square Enix representative confirmed that more layoffs are likely at its EU branch.

"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," Square Enix told MCV in a statement.

As always, our best wishes go out to those affected by the layoffs. Hopefully this wave of layoffs washing over the industry will stabilize soon.

Source: MCV

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