Square Enix has officially announced long rumoured massive cuts to its workforce, with the company set to sack 10% of its employees in a move it insists is not “restructuring” but is instead an act of “organizational invigoration.”
The move was announced at the recent shareholders’ assembly by CEO Yōichi Wada, and will see the company shedding 10% of its 3,805 employees:
“Our management strength has been weakened through repeated mergers, and the kind of inefficiency typical of large enterprises has set in. We intend to reduce our organisation’s size to improve coordination.
This is not a restructuring, but done for the sake of organizational invigoration.”
It will be interesting to see whether this latest new euphemism for sacking unwanted employees will stick…
Square Enix is actually enjoying quite favourable performance, with sales up 33.2% on a year earlier, and operating profits up 39.3%, indicating the move, severe as it is, is by no means a desperate one, particularly with the imminent release of Final Fantasy XIII.
In other news Wada also insists Final Fantasy XIII will be the best selling Final Fantasy title since Final Fantasy X, saying Europe and America are the “fertile lands” the company is aiming for…
They bought and merged with alot of companies. First there was Enix, then Taito, then Edios and I think one other thats quite a bit downsizing is expected.
Boy does that Wada guy look stupid now. XIII is probly going to be the worst selling, EVER !
Wada moron.
Does anyone know why everyone in FF XIII has the exact same run animation? I was watching them run it looks like a 100m dash at the special olympics.
And nothing of value was lost
Why “Xbox 360” in the tags?
Artefact you like provocation don’t u??!1! !?
I’m guessing it’s because Final Fantasy XIII is a multiplatform title (PS3 & 360)