Square Enix Cuts Jobs In Los Angeles

<p>It has come to light that Square Enix have made numerous lay offs at its Los Angeles studio in California&period; Square Enix have since confirmed this to Joystiq in a statement issued by a representative which we&&num;8217&semi;ve listed below&colon;<&sol;p>&NewLine;<p><em>&&num;8220&semi;We can confirm that Square Enix&&num;8217&semi;s Los Angeles office has eliminated a number of positions as part of the corporate restructuring announced last week&period; This is an unfortunate situation and we are offering assistance and severance packages to any employees affected by this&comma; we want to thank them for their hard work and sincerely wish them well in the future&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;<p>This news comes after Yoichi Wada&comma; former Square Enix president&comma; resigned last week after it was announced that Square Enix had made an &&num;8216&semi;extraordinary loss&&num;8217&semi; in its first quarter financials for 2013&period;<&sol;p>&NewLine;<p>Our thoughts are with the employees and their families who are going to be impacted by this decision&period;<&sol;p>&NewLine;<div class&equals;"zemanta-pixie" style&equals;"margin-top&colon; 10px&semi; height&colon; 15px&semi;"><img class&equals;"zemanta-pixie-img" style&equals;"border&colon; none&semi; float&colon; right&semi;" alt&equals;"" src&equals;"http&colon;&sol;&sol;img&period;zemanta&period;com&sol;pixy&period;gif&quest;x-id&equals;190e17db-7ece-4afa-afa0-66741176c6d1" &sol;><&sol;div>&NewLine;