As you can see above, as part of Square Enix’s plan to rebuild its overseas business divisions from the ground up, the company “began optimizing costs at its European and American offices via structural reforms.” After more than 10,000 layoffs across game studios and publishers this year, it’s easy to read between the lines – structural reforms sound a lot like “layoffs,” and now VGC has confirmed as much.
The publication reports these layoffs will happen over the course of the next month, with those affected set to find out this week. The total number of expected layoffs is not known, but VGC‘s sources say staff was told it will mostly affect those working in publishing, IT, and Square Enix’s Collective indie games division.
U.K. employees laid off will enter into a “one-month consultancy period” in accordinace with local U.K. law, while affected U.S. staff could be out of their jobs potentially before the end of the month.
These layoffs join a string of other disheartening 2024 layoffs and closures, which now total more than 10,000 in just the first five months of the year.
[Source: VideoGamesChronicle]
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