New Square Enix President to Fully Review Company

Meanwhile, Square's LA office gets hit with a round of layoffs

Things are pretty tumultuous right now at Square Enix. As previously reported, company President Yoichi Wada stepped down following "extraordinary losses," and Yosuke Matsuda is set to take his place in June. With a shift on the horizon, Matsuda addressed his plans for the company during a Square Enix Holdings meeting

 

Matsuda will be taking a holistic approach to analyzing what works for Square Enix, and where resources can be directed most effectively. 

 

"I plan on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint," he said. "Due to the radical change in environment, I'd like to fundamentally review what works and what doesn't work for our company, then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn't."

 

As far as what we can expect from Square Enix's future, Matsuda will provide a more concrete plan in another briefing session. Former President Yoichi Wada will continue to work for Square Enix in some capacity, but his new position hasn't been announced. 

 

This all comes alongside news of Square Enix's Los Angeles office being hit with a round of layoffs as the company restructures. Layoffs reportedly affected employees "top to bottom." 

 

Via Siliconera

 

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Joseph Luster is the Games and Web editor at Otaku USA Magazine. His blog can be found at subhumanzoids. Follow him on Twitter at @Moldilox.

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