Join Date: Dec 2007
Location: East Coast, US
New Square Enix president outlines plans for the future - News - Kingdom Hearts Insider
Yosuke Matsuda, the newly announced president of Square Enix who will be replacing Yoichi Wada in a few months time recently outlined his plans for the future of the company, hoping to "cast all of [Square Enix's] resources" towards extending what makes it successful along with "thoroughly squeezing out what doesn’t."
People have speculated about Matsuda's leadership in the company, hoping the future would look brighter under his command. Under Wada's leadership, the company announced a net income loss of 13 billion yen, followed by his resignation.
Matsuda's plans are outlined in the most recent Square Enix Holdings briefing session, in which he states that he plans on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint.
"Due to the radical change of environment, I’d like to fundamentally review what works and what doesn’t work for our company, then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn’t."
This coincides with recent layoffs at Square Enix North America, confirmed to have taken place last week. As of yet, they seem to be the only division affected so far. Meanwhile, Phil Rogers CEO of Square Enix Europe will be made the new CEO of Square Enix Holdings.
"As far as a concrete plan on what to expect from us, I will further explain it on another briefing session in the near future, so I kindly ask for your patience. Thank you for your support."
What this means for the upcoming projects and games at Square Enix will remain unclear at least until Matsuda formally takes over the position of president in June of this year. The KINGDOM HEARTS series as a whole will undoubtedly be a part of Matsuda's reviewing process, especially with the debate which it has recieved as of late. Series director, Tetsuya Nomura's emphasis on expanding the series to various hand-held systems, instead of sticking strictly with TV consoles might thus very well be reconsidered by said reviewing process.
Your thoughts on this? Were the layoffs are necessary? Do you believe there are changes to be expected for the future of the KINGDOM HEARTS series?