Overview
- Ubisoft said it is pursuing a voluntary collective departure plan that could remove up to 200 positions in Paris, a proposal that requires agreement with employee representatives and approval by French authorities.
- Multiple French unions representing Ubisoft staff approved a strike set for February 10–12 to protest the proposed job cuts.
- Last week’s overhaul included six game cancellations—with Ubisoft confirming the shutdown of the Prince of Persia: The Sands of Time remake—plus the closure of the Stockholm and Halifax studios and reorganizations in Abu Dhabi, RedLynx, and Massive.
- Shares fell more than 30% immediately after the restructuring news and are down about 40% since the announcement, leaving the stock roughly 95% below its January 2021 peak.
- Leakers claim the Prince of Persia remake was nearly complete and largely outsourced to an Indian studio before internal quality concerns led to its cancellation, assertions not verified by Ubisoft.