CapcomBlack 04 Oct

Capcom Europe will undergo a major restructure which will result in jobs being merged, and over half of the company’s staff being made redundant, MCVUK reports.

“Following a restructure at its US Operation, Capcom’s European organization 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,” a statement issued to MCVUK read.

Capcom began restructuring its US operation in July, which also resulted in layoffs as well as the departure of senior vice president Christian Svensson. In August, Capcom reported that its profits and sales fell in the first quarter of its 2014 fiscal year after a number of its big titles did not meet expectations.

(via Polygon)