According to VGC, Square Enix has told its employees that it will carry out layoffs in US and EU-based offices as part of a restructuring drive. The source states that this information was laid out by Takashi Kiryu, who became Square Enix President last March, in an internal meeting on Monday. As per the report, the layoff will impact an undisclosed number of employees, mostly those working in the IT, publishing, and indie games (Square Enix Collective) departments. These job cuts will reportedly come into effect over the next month.