PCF Group S.A. is laying off more than 60 employees from its European development team following the halt of Project Gemini on 1 June 2025.
The workforce reduction is a direct response to Square Enix Limited’s failure to provide a new execution contract to extend the original publishing agreement.
The absence of a binding framework for Project Gemini has created significant revenue uncertainty, forcing PCF Group to initiate risk-mitigation measures.
The decision to downsize is based exclusively on internal contractual reviews and legal compliance rather than external market analysis or surveys.
The scope of the layoffs is strictly limited to the work-for-hire development operations associated with Project Gemini.
PCF Group S.A. has committed to providing further updates on the status of Project Gemini through future mandatory regulatory filings.
The decision to downsize the development team assigned to Project Gemini is presented as a response to contractual uncertainty with Square Enix Limited, the publisher of the work‑for‑hire title. The governing legal basis is Article 17(1) of the MAR Regulation, and the announcement follows a prior report that halted development activities on 1 June 2025. The reduction targets more than 60 employees who were engaged in the European‑based production effort under the publishing agreement.
The core rationale stems from Square Enix’s failure to provide a subsequent execution contract extending the original publishing agreement, leaving the partnership without a binding framework for continued work. This lack of a new contract generated significant doubt about the feasibility of maintaining the collaboration, prompting the board of PCF Group S.A. to initiate the workforce cut. The move reflects the company’s risk‑mitigation strategy in the absence of guaranteed revenue streams from the project.
The scope of the decision is confined to the PCF Group’s European development operations for Project Gemini, operating under a work‑for‑hire model. No quantitative analysis or external survey underpins the decision; it is based solely on internal contractual review and legal compliance. Future developments concerning Project Gemini will be communicated through separate current reports in accordance with applicable legal requirements.
