Michael McWhertor at Polygon:

We can confirm that Square Enix’s Los Angeles office has eliminated a number of positions as part of the corporate restructuring announced last week,” Square Enix senior director of public relations Reilly Brennan wrote in a statement to Polygon. “This is an unfortunate situation and we are offering assistance and severance packages to any employees affected by this, we want to thank them for their hard work and sincerely wish them well in the future.

This is sad. Glad to see those crazy expensive iOS titles are paying off.