Capcom Europe is in the process of restructuring its entire operation, and more than 50% of its workers could find themselves out of a job once it’s over.
MCV reports that the decision comes after an incredibly difficult year for its Western studios and its games. Sales are not meeting expectations, financial burdens are getting heavier, and critic scores are not improving at all either.
Capcom issued a statement to MCV on the issue:
“Following a restructure at its US operation, Capcom’s European organisation 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.”
Plans to restructure the American branches of the company already were put underway back in April when Capcom halved its profits forecast and blamed much of its financial woes on Western titles. It laid off many of its American workers in July, and lost longtime Vice President Chris Svensson in the process.
My views on Capcom as of late remain unwavering. The company lost touch with its base when most of its visionaries left, and its new Western focus has not generated enough excitement to do its long and glorious legacy any justice. Capcom’s recent woes just go to prove that it is the talented people behind the logo who make the games work, not the companies themselves. Best of luck to those who are out of a job and finding new work.