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Significant layoffs to hit Capcom Europe - report

Europe follows US with restructuring amid market turmoil

Capcom Europe is to be hit by the company's wider restructuring, with a report in the paper edition of MCV (reprinted by Videogamer) suggesting almost half of all jobs could go.

When contacted by GamesIndustry International, Capcom would only confirm the European arm is undergoing restructuring, stating: "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."

The publisher has spent this year trimming its business significantly. It will no longer use external game development teams and has cancelled a number of titles in production.

Last month in the Capcom annual report it went into detail about poor console sales and how it hopes to pivot to a more digital-orientated business. The company has $152 million in cash, but it intends to hire 100 staff for each consumer, online and mobile teams by the end of fiscal 2014.

Capcom's latest release, Lost Planet 3, failed to make an impact in the UK charts, entering at number 26. In Japan the game sold 27,000 units on release.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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