Square Enix’s UK and European teams are being hit with lay-offs as the publisher moves “to ensure [they] have the right structure, content and skills for the changing entertainment landscape.” This comes in the wake of reports by Square Enix that recent titles Hitman: Absolution, Sleeping Dogs and the new Tomb Raider reboot all underperformed at market.
Despite all three games proving to be critical successes (and financial successes by most people’s definitions), Square Enix considers the titles to have underperformed to such an extent that job losses are necessary. Tomb Raider sold 3.4 million copies in three weeks, Sleeping Dogs sold 1.75 million copies and Hitman: Absolution sold 3.6 million. Those are massive sales figures, but not massive enough for Square Enix’s internal sales targets.
Just over a month ago, Square Enix CEO Yoichi Wada resigned in response to poor fourth quarter financial results.