Square Enix president bemoans weak Final Fantasy sales and says his restructure is existential: 'Our winning formula is no longer effective'
The relatively new Square Enix president Takashi Kiryu has been making some big decisions in reviewing the company's development process "from scratch". The reasoning behind such moves is now becoming clearer thanks to Square Enix's financial results, with the company warning investors earlier this month they could expect to see heavy losses, alongside which it announced the cancellation of various projects with a sunk development cost of around $140 million, and layoffs across Europe and the US.