Ubisoft proposes much more layoffs after final week’s studio closures and sport cancellations

It appears like Ubisoft is planning much more layoffs to accompany final week’s studio closures and sport cancellations, . The corporate is planning a large discount of the workforce in its Paris headquarters. It has proposed the lack of as much as 200 jobs, which is almost 20 % of the present workers.

This can be organized beneath France’s , by which workers can conform to type a collective, voluntary mutual termination settlement. It is not a performed deal simply but, with an organization spokesperson saying “at this stage, this stays a proposal and no choice can be ultimate till a collective settlement is reached.”

The RCC course of is voluntary, which is nice for Ubisoft Paris workers, however the firm hasn’t made any assertion relating to what it will do if it would not get 200 keen contributors. The corporate not too long ago for workers to return to the workplace for 5 days every week, which may entice staffers with one foot out the door.

That is simply the most recent cost-cutting measure by Ubisoft, as the corporate has been . It shut down its Halifax studio workers entered right into a unionization settlement. Final week, it shuttered its Stockholm studio and introduced at a number of different builders beneath its umbrella.

It additionally introduced the cancellation of six video games, together with the long-awaited Prince of Persia: Sands of Time remake. It did not reveal the opposite 5 video games that have been scrapped. Ubisoft did announce, nonetheless, that seven further video games have been being delayed. Inexplicably, Past Good and Evil 2 , so we have now that to (at some point) stay up for.

Ubisoft’s inventory has completely plunged up to now a number of years. The corporate was using excessive at $20 per share in 2021, however now the inventory .