Capcom laying off half of European staff, report says

Capcom's European offices will lose more than half their employees as part of the company's worldwide restructuring, MCV reports. The trade magazine said many of the positions are set to merge as Capcom focuses on cutting costs.

A Capcom representative did not confirm the layoffs themselves, but did say the same considerations which led to staff reductions across its U.S. operations were taking effect in Europe.

“Following a restructure at its US operation, Capcom’s European organisation 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," the representative told MCV.

The publisher's operating margin took a 4.2 percent dive in 2013, according to its fiscal year 2013 report, thanks largely to major titles failing to hit sales targets.