SQUARE ENIX HOLDINGS CO., LTD. (headquartered in Shinjuku, Tokyo; President and Representative Director Yosuke Matsuda; hereinafter the “Company”) announces that it will merge its wholly owned subsidiary Luminous Productions Co., Ltd. into its wholly owned subsidiary SQUARE ENIX CO., LTD. effective Monday, May 1, 2023.
Owlcat Games producer Anatoly Shestov reveals his dream project: an SCP game with Owlcat RPG flair and a proper budget.
TNS: Based on its most recent ESG data, Nintendo boasts a remarkably low staff turnover rate of just 1.9%, with virtually no reported layoffs.
It’s unreal that people are downvoting this when they consistently have the best scoring games on metacritic.
Well it doesn’t surprise me. As much money as they make and how they value their employees. It’s a great company in that regard.
Replies(1)Well, when your games remain full price many years after release.
And you make profit off of outdated hardware.
I would be shocked if they couldn't afford to retain their staff.
I didn't want to say anything but drivxr is right.
Nintendo always sells at a profit because they purposely use tech that's always 5 or more years behind. And it's also true their games hardly ever get price decreases.
Don't get me wrong, it's great they kept most of their workforce, but making a point to have your tech specs behind everyone else affords that luxury.
I don’t think it’s their purpose to use old tech. It’s their purpose to make value of software and know their value. Nobody makes games like them that’s for sure. I just don’t appreciate their customer unfriendly policy.
It’s not impossible to take their status. Companies need to have a selection of 8-bit and 16-bit. Now imagine a split screen for 8 player game for SNES Mario kart and selling at $9.99. The problem is that it doesn’t make profit. So many companies won’t invest in “old” technology. Everyone guns for triple AAA modern technology software but honestly we can enjoy modernized 16-bit creative ideas that allows 8-player mayhem. It’s a pipe dream, possible but impossible.
If they ended up kicking people out after all of that stated above, it would be truly shameful.
Microsoft, Google, Amazon, Tesla and Meta are all trillion dollar companies yet they are laying people off in large numbers.
I believe the reason Nintendo layoffs off less workers may be a result of their culture. It seems Japanese companies believe in giving their workers long term or life long employment opportunities and will exhaust all options before laying off workers. This is something we don't see much of in the west unfortunately.
might be something to do with the fact all those companies hire more than 20x the employees than Nintendo
What the hell are you talking about? It has nothing to do with how profitable they are. Its completely cultural, MS and Sony make stacks of cash and still lay folks off. Nintendo chose not to lay off staff for the same reason their execs took pay cuts to increase staff pay instead; because they value their staff and view them as colleagues, and respect them as such.
If Sony weren't so US centric I fancy they'd fare better too, they should get shot of US and European leadership and go back to when Japanese execs were running the show if you ask me!
This should make fans attending the ahow event happier as Bandai Namco is bringing some interesting game experiences to the convention.
Square Enix is merging with Luminous imo we all saw this coming.
Nice so another merger from sqe?
All they going to be Luminous Square Enix?
One of the many objectives for Square is to focus on things they are good at and are known for.
No one wants a game made for the western market like Forespoken. I am glad they sold the rights to Tomb Raider, Hitman and De Deus Ex.
Take From Software, they know exactly what they are good at and they capitalize on it. When I get their games I know exactly what I am getting.
It should be the same for square Enix, I want to play great JRPG whether it turn-based to action RPG.
From what i played from the demo Luminous have a talented team on the game and engine side of things...they just need a new creative team. If Valkyrie Elysium looked like forespoken i would have bought it.
Hopefully a Japanese creative team is given the reigns this time...best case scenario they work on the next Nier with Yoko Taro.