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Capcom layoffs, Senior VP Christian Svensson among them [Update: Capcom responds]

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Capcom is currently going through a reorganization, with Christian Svensson, senior VP of planning and business development, known to be departing the company.

"After nearly eight years, it is my final day at Capcom," wrote Svensson in a social media post. "This departure is not a bad thing for me and it's happening mostly because I'd suggested it during the early planning for today's reorg. While I wish the company the best of luck, Capcom is going in a different direction and the need for people at my level, relative to other areas, is lacking. Those who know me well, know that I've been ready to go for quite some time."

We've reached out to Capcom for a statement and will update when we have more.

Update: A Capcom representative has provided us with a statement regarding today's events: "Capcom today laid off several employees from the US office as part of an overall organizational restructure of the company. The transition to the new generation of hardware and changing industry landscape have required us to adapt our business to best meet our new goals. We sincerely thank each individual for their contributions and wish them well."

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