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Square Enix LA hit with more layoffs as company restructures

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Square Enix's Los Angeles, Calif. office has been hit with a new round of layoffs in the wake of a company-wide restructuring, according to the company.

"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," Square Enix senior director of public relations Reilly Brennan wrote in a statement to Polygon. "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."

Square Enix reps said they could not clarify the extent of the layoffs, but according to a source familiar with the cuts made today, layoffs affected employees "top to bottom." The publisher's LA office was hit with layoffs in December "to ensure it is operating effectively."

Square Enix announced in March it expected to incur an "extraordinary loss" for the quarter ended March 31 and would "implement major reforms and restructuring in its development policy [and] organizational structure." The company blamed slow sales of major console game titles in North America and Europe.

Square Enix CEO and president Yoichi Wada announced he was resigning in the wake of the announced loss.