The company is closing its New York and Montreal offices and laying off roughly 9 percent of its workforce.
Producer and host Geoff Keighley says you shouldn't get your hopes up about a Kingdom Hearts 4 showing at the upcoming event.
The next title in the acclaimed Mana series is currently scheduled to launch this Summer for Xbox Series X/S, PS4, PS5 and PC.
It was confirmed earlier in the year that work was underway on the remake trilogy's final instalment.
Renowned leaker Midori also believes the remake will include the Loto trilogy, which consists of the first three games in the series.
Director and series co-creator Yuji Horii says he wants the series' next instalment to be worthy of fellow co-creators Akira Toriyama and Koichi Sugiyama, both of whom previously passed away.
A recent, long overdue update for the game revealed that it will be coming to PlayStation 5, Xbox Series X/S, Nintendo Switch, and PC.
"The legend of Erdrick draws near", teases Square Enix, perhaps teasing more new details - like the release date - shortly.
The remake was announced back in 2021, since when updates on it have all but completely dried up.
A prominent leaker has said that though the rumoured Final Fantasy 9 Remake is indeed in the works, the alleged remake of its successor isn't real.
After three years as exclusives on the Epic Games Store, the Kingdom Hearts HD titles and Kingdom Hearts 3 are finally Steam-bound.
Despite the game's strong initial sales, Final Fantasy 16 has seemingly failed to reach Square Enix's sales expectations.
Square Enix has revealed that the game didn't have the sales momentum to hit internal sales targets.
The unannounced cancelled projects didn't seem to align with Square Enix's new mid-term business strategy, and accounted for losses over the last financial year.
Square Enix Collective, IT, and publishing reported impacted the most by the layoffs, which will occur throughout the next month.
Square Enix has announced a new business plan that it will put into effect over the next three years.
Foamstars will be getting new maps, cosmetics, and other new content as part of its fourth season, titled Future Funk.
The Final Fantasy 16 producer talks about his past games with composer Masayoshi Soken, and goes on to talk about Final Fantasy 16.
Throughout the long history of Final Fantasy releases, it ranks 14th in lifetime dollar sales. Final Fantasy 7 Remake is ranked second.
The company says it intends to be "more selective and focused in the allocation of development resources" going forward.
