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Layoffs have begun at Square Enix LA

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Square Enix is starting off the month of April by laying off an undetermined number of staff members at its office in Los Angeles, California. These layoffs come about a week after it announced an expected fiscal year loss of $106 million. Sadly, the layoffs today were expected considering the public disappointment Square Enix shared about its North American sales unit. 

Square Enix referred to its North American sales force as “ineffective” in its recent consolidated results forecast. Square Enix games sold two thirds of the total amount of physical games sold in Europe. Tomb Raider in particular sold 3.4 million physical units in all, but still fell short of the company’s expectations. Although it’s not confirmed, it wouldn’t be surprising if layoffs were directed at the sales and marketing personnel.

According to a statement Square Enix gave to the media, any employee impacted by the layoffs will be offered severance packages and further assistance.

This is part of a shakeup that will be felt across the entire company. Yoichi Wada also stepped down as president after many years of service.

Read [Polygon]

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