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Ubisoft Announces Major Cuts: 185 Layoffs, Studio Closure, and Downsizing Across Three More
Ubisoft faces another set of layoffs with a studio closure and downsizing of three studios. A total of 185 employees will be let go.
In a significant shake-up, Ubisoft has revealed plans to close its Leamington studio in the UK, resulting in 185 job cuts across the business and a downsizing of operations across three other studios in the country. The move comes as the gaming giant navigates financial challenges and seeks to streamline its operations to remain competitive in an evolving market.
Ubisoft Closes Its Leamington Studio
Ubisoft’s decision to close its Leamington studio is part of a broader strategy aimed at reducing costs and prioritizing core projects. The studio, which had been working on unannounced titles, will see a small number of employees retained on remote contracts, while the majority face layoffs. This is just one element of a wider downsizing effort that affects other Ubisoft locations including studios in Düsseldorf, Stockholm, and Newcastle-based Ubisoft Reflections.
The company issued a statement expressing gratitude to the affected employees for their contributions, promising to support them through the transition. Ubisoft emphasized that these decisions were not made lightly and are necessary to adapt to shifting industry dynamics.
The closures and layoffs follow a tumultuous period for Ubisoft. Despite its legacy of popular franchises like Assassin’s Creed and Far Cry, the company has struggled with numerous disappointing game launches and delays. The live-service shooter XDefiant was recently shelved, and anticipated releases like Assassin’s Creed Shadows faced multiple delays. These missteps, combined with changing consumer expectations and increased competition, have put significant pressure on the company.
Since 2022, Ubisoft has been actively reducing its workforce, with employee numbers falling by almost 2,000 at the end of September 2024. The latest round of layoffs and closures is another step in this cost-cutting journey as the company looks to stabilize and refocus its efforts.
Despite the setbacks, Ubisoft is pinning hopes on upcoming titles to revitalize its reputation and financial performance. The release of Assassin’s Creed Shadows, scheduled for March 20, is seen as a pivotal moment (some even say the last hope) for the company. A successful launch could help restore confidence in Ubisoft’s ability to deliver blockbuster games and revitalize its place in the gaming industry.
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Sending some gaming news your way from a surfing paradise island. Loves creating content, and researching informative facts and useless trivia. A novice in the gaming industry but a veteran in communications and publication.
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