Capcom layoffs – Svensson resigns

Filed under News

Following well-known Triple-A publisher THQ declaring bankruptcy in December 2012 [1], Capcom US is also undergoing restructuring. Senior Vice President Christian Svensson has voluntary resigned on Thursday 11 July 2013 after eight years at Capcom. He made the below exiting statement on his Google+ page [2]:

“This departure is not a bad thing for me and it’s happening mostly because I’d suggested it during the early planning for today’s reorg. While I wish the company the best of luck, Capcom is going in a different direction and the need for people at my level, relative to other areas, is lacking. ”

DMC - Devil May Cry

DMC – Devil May Cry

Joystiq.com contacted Capcom for a statement [3]. Changes in the gaming industry and the switch to the next generation of console hardware, required them to restructure their team to enable them to still meet their objectives.

According to Eurogamer.net’s report on Capcom’s annual financial results [4], Capcom stated that Resident Evil 6 didn’t meet their $7 million (about R70 million at the current exchange rate) expectations, and sold 4.9 million copies. Their profit for the financial year was also down 56 per cent.

Capcom communicated in April a “special loss” to their investors [5]. They also stated that the decrease in profit is due to large scale outsourcing leading to lower quality titles. They will instead focus on their internal developers going forward. Capcom also stated that a slow reaction to the growing digital contents market, and a lack of coordination between the game development teams abroad and the marketing teams were contributing factors.

Although Svensson is currently looking for a job, he has plans that “have the potential to disrupt the gaming space in exciting ways” [1].

 

References:
1. Wikipedia. THQ. Available:
https://en.wikipedia.org/wiki/THQ
Accessed 15 Jule 2013

2. Svensson, C. 2013. plus.google.com. Available:
https://plus.google.com/109526331670802467492/posts/HqPKEh3Xn5d
Accessed 15 Jule 2013

3. Sliwinski, A. 2013. www.joystiq.com. Capcom layoffs, Senior VP Christian Svensson among them [Update: Capcom responds].
Available: http://www.joystiq.com/2013/07/11/capcom-layoffs-senior-vp-christian-svensson-among-them
Accessed 15 Jule 2013

4. Purchese, R. 2013. www.eurogamer.net. Capcom’s annual results are in, “focusing on the overhaul of overseas development companies”.
Available: http://www.eurogamer.net/articles/2013-05-08-capcoms-annual-results-are-in-development-restructuring-ahoy
Accessed 15 Jule 2013

5. Yin-Poole, W. 2013. www.eurogamer.net. Capcom: “excessive outsourcing” has resulted in a “decline in quality”.
Available: http://www.eurogamer.net/articles/2013-04-18-capcom-excessive-outsourcing-has-resulted-in-a-decline-in-quality
Accessed 15 Jule 2013

 

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