Ubisoft Lays Off 124 Employees, Mostly Based In Canada

Sadly, it seems we are reporting layoffs by game studios almost daily at this point. Ubisoft has announced that they are "reorganizing" their Canadian studios, which has affected 124 people.

Back in January, Ubisoft had said it wanted to cut around €200 million in costs over the next two years. 

“Over the past few months, every team within Ubisoft has been exploring ways to streamline our operations and enhance our collective efficiency so that we are better positioned for success in the long term,” Ubisoft said in a statement to VGC.

“In this context, today we announced that we are reorganizing our Canadian studios’ general and administrative functions and reducing headcount in Hybride (our VFX studio based in Montreal) and in our global IT team, which impacts 124 positions overall.”

Ubisoft reported last month that its number of employees was down from 20,729 at the end of September 2022, to 19,410 at the end of September 2023. 

Ubisoft says it will “continue to look at hiring highly talented people for its biggest brands and live services”.

I'm sure some highly talented people were just let go.