Eidos Folded Into Square Enix Europe, Layoffs Likely

Square Enix, the newfound owner of Tomb Raider publisher Eidos, is to combine various aspects of the two companies into a streamlined outfit called "Square Enix Europe."

"Square Enix Europe (final name TBC) will include Eidos' global network of studios and combine the Square Enix and Eidos European sales and marketing businesses to create one efficient and powerful structure for game publishing," Square told MCV.

As for North America, "all marketing, sales and distribution functions will be transferred from Eidos Inc to Square Enix in this territory."

The shifts are expected to result in some layoffs, with Square "hoping to minimise this wherever possible and offer support and advice to any employees directly affected."

Thanks to crummynz for the tip.

Chris Faylor was previously a games journalist creating content at Shacknews.

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