""There will be no final decision until a collective agreement has been reached with worker representatives and approved by the French authorities," Ubisoft said. The planned job cuts announcement follows Ubisoft's commitment to reorganise many of its dozens of development studios around the world into "creative houses" focused around different game genres. On top of the restructuring and a new 200-million-euro ($240 million) cost-cutting drive, Ubisoft also cancelled six games in development and said seven more upcoming titles would be delayed."
"Fans were particularly vocal online about the scrapping of "Prince of Persia: The Sands of Time", a remake of a historic Ubisoft hit. The moves left the company facing an operating loss of around one billion euros in its 2025-26 financial year, bosses said. Financial woes and multiple disappointing game releases have already prompted Ubisoft to make €300 million in annual savings and close studios, including in San Franciso, Stockholm, Osaka, Halifax in Canada and Leamington in the UK."
Ubisoft aims to shed up to 200 staff at its Paris headquarters through voluntary departure agreements, representing a sizeable portion of the 1,100 employees there and about five percent of the group's French workforce. The company previously cut around 3,000 jobs globally, reducing headcount to 17,000, with almost none of those cuts occurring in France. Ubisoft plans to reorganise dozens of development studios into genre-focused "creative houses", launch a €200 million cost-cutting drive, cancel six games, and delay seven titles. The moves are expected to produce an operating loss near €1 billion for the 2025-26 financial year and have driven share prices sharply lower.
Read at The Local France
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