Capcom Europe Announces Lay Offs of More Than Half of Its Staff
Capcom Europe has confirmed that it tends to undergo a major restructure and that will result in the lay offs of more than half of its staff.
This restructure will eventually merge a number of jobs, causing the existing employees a slight degree of pain and frustration. According to a report by MCVUK, the restructuring was a necessary one for Capcom and was expected. The company has had a difficult year with many of its big titles failing to rake in the desired amount of revenue.
“Following a restructure at its U.S. operation, Capcom’s European organization is currently evaluating its structure to ensure it is in the best position to take advantage of the changing market conditions the industry is facing,” a representative from Capcom said in a statement provided to Polygon.
Capcom reported a significant drop in their annual income earlier this year but last month the company saw a glimmer of hope with a slightly increased revenue, despite poor game sales. In an investor’s meeting back then, the company revealed that major titles like DmC: Devil May Cry and Resident Evil 6 failed to meet their expected sales targets.
Capcom is now looking towards the prospect of next-gen with their medieval dungeon crawling role-playing game Deep Down for the PlayStation 4. The game is looking great and hopefully will make it big for Capcom.