Square Enix Facing Major Struggles, $2B Value Loss As Blockbuster Games Underperform

Square Enix has lost nearly $2 billion in value recently, with games like Final Fantasy XVI and Forspoken falling short of sales targets.

The company's development process is being scrutinized, with producers having too much control and a lack of proper documentation and team structure.

CEO Takashi Kiryi plans to decrease the number of smaller titles and outsourcing to focus on big-budget games.

Major titles like Final Fantasy XIV and Final Fantasy VII Remake have had troubled launches and development cycles.

Despite efforts to turn things around, Square Enix's chief accounting officer says improving conditions "will not be easy."