"Ubisoft is making major moves to save itself from plummeting stock prices, confirming details on its new plans. P art of that was cancelling, multiple titles, including the Prince of Persia: The Sands of Time remake, and delaying 7 others. The next step looks a lot like more layoffs and a big restructuring of the company. First, Ubisoft confirmed that the recent closures of Halifax and Stockholm studios were part of the reset."
"Ubisoft has also said it plans to speeding up its cost reduction plans, aiming to save another €200 million in the next two years. They didn't confirm any layoff plans as such, but did say in regard to cancelled projects that there will \"...some people who will be refocused on other big projects, and some may leave the company.\" Layoffs, though, are practically inevitable."
"Moving on, Ubisoft is carrying on with its previously announced plan to split the company into independent \"creative houses\". We already know about the first one: Vantage Studios, the subsidiary in which Tencent owns just over a quarter. Of course, Tencent also holds stakes in Ubisoft itself, too. Vantage Studios holds the rights to Assassin's Creed, Far Cry and Rainbow Six."
Ubisoft canceled several titles including the Prince of Persia: The Sands of Time remake and delayed seven others, and closed Halifax and Stockholm studios as part of a reset. The company plans to accelerate cost reductions to save €200 million over two years, and said some staff will be refocused while others may leave. Restructuring affects Abu Dhabi, RedLynx, and Massive teams. Ubisoft employs about 17,000 people, implying large payroll savings. The company will split into independent 'creative houses'—one already established as Vantage Studios, holding Assassin's Creed, Far Cry and Rainbow Six—plus four planned genre-focused houses with supporting creative networks and core services.
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