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Ubisoft Paris Faces Massive Job Cuts
27 Jan
Summary
- Ubisoft Paris is proposing to eliminate up to 200 jobs.
- The layoffs represent nearly 20 percent of the Paris studio's staff.
- This move follows recent studio closures and game cancellations by Ubisoft.
Ubisoft's Paris headquarters is facing a substantial proposed workforce reduction, with plans to eliminate up to 200 jobs. This represents nearly 20 percent of the studio's current employees. The company is organizing this under a voluntary mutual termination agreement, though a final decision awaits collective agreement.
This potential job loss is the latest in a series of cost-cutting measures by Ubisoft. The company recently closed its Halifax studio and its Stockholm studio. It also announced the cancellation of six games, including the Prince of Persia: Sands of Time remake, and delayed seven others.
The financial performance of Ubisoft has been concerning, with its stock value plummeting significantly since its peak in 2021. The company's recent actions reflect a broader strategy to address financial challenges.
