Mike Fischer, former president and CEO of Square Enix of America, who took over leadership of Square Enix of America in July 2010, quit the company this month and is now the vice president of digital Music and Video for Amazon in Japan.
His plans included spending the company’s money not on creating studios, but building up a core internal team of producers and engineers who would then support the independent studios that Square was publishing for.
The past year has been a tough one for Square Enix. Earlier this month, the company announced significant losses during their most recent fiscal quarter, blaming the shortfall on an “increasingly competitive and oligopolistic” console market. Officials with the company previously announced they were unhappy with the sales of their big three titles: Sleeping Dogs, Tomb Raider and Hitman: Absolution.