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Square Enix Los Angeles layoff details, CEO rumored to be out by May
Last night we received word Square Enix's Los Angeles office had "a number of positions" eliminated, and we've since been filling in the details. Square Enix America mostly handled marketing, public relations and other logistics for the region. Two sources, who asked we not use their names out of fear it would affect their severance package, shared some more information. Half of marketing has been cut, which is estimated at 10 people. Public relations, which we understand is approximately seven people, will stick around until late June (post E3) – after that only three or four will remain. One source notes more were let go in accounting, IT and events, alongside another five to 10 people who left community and support last week. We've also been informed that Mike Fischer, president and CEO at Square Enix America, will be let go around May. The head of marketing will be let go right after E3. Employees at the Los Angeles office were apparently informed they weren't singled out by corporate and that layoffs will occur at Square Enix's European and Japanese divisions as well, which is all part of the corporate restructuring currently going on at the company.
Layoffs hit Square Enix Los Angeles, part of 'corporate restructuring'
Joystiq has confirmed with Square Enix that "a number of positions" in its Los Angeles office have been eliminated today. Below, a statement from a Square Enix representative: We can confirm that Square Enix's Los Angeles office has eliminated a number of positions as part of the corporate restructuring announced last week. This is an unfortunate situation and we are offering assistance and severance packages to any employees affected by this, we want to thank them for their hard work and sincerely wish them well in the future.We're currently hunting down information regarding the exact number of individuals let go. We'll be sure to update as the story develops – of course, if you were one of the employees affected or know something we don't, feel free to drop us a line. Anonymity assured!Update: More details.
