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- Ubisoft has announced the closure of its studio in Leamington.
- The company has cut approximately 185 jobs in the process, impacting studios in Stockholm, Dusseldorf, and more.
- These job cuts are part of restructuring efforts by the gaming giant as it hopes to reduce costs.
Following Star Wars Outlaws’ commercial disappointment and the Assassin’s Creed Shadows delay, Ubisoft has not been at its best recently. The publisher has also faced various layoffs over the last few months.
Continuing the bad news, nearly 200 additional layoffs have just been confirmed by the publisher.
Why it matters: Ubisoft’s financial situation is so dire that it was considering a merger with Tencent. The company’s fate now rests in the hands of Assassin’s Creed Shadows.
According to an update shared by analyst Chris Dring, Ubisoft has shut down its Leamington Studio. For context, job listings showed that this team was working on an unannounced project until recently.
This studio was purchased by the gaming giant in 2017 after it worked on the DJ Hero series for Activision. Ultimately, this purchase seems to have done little for the French publisher.
Elsewhere, Ubisoft Stockholm, Dusseldorf, and Reflections have been impacted by the recent changes. The company states that these layoffs are part of ongoing restricting efforts which aim to minimize costs.
It’s no secret that Ubisoft’s stock has taken hit after hit over the last few months. Following these layoffs, shareholders might lose a little more faith in the publisher, with everyone waiting to see how Assassin’s Creed Shadows performs before making a final decision.
What do you make of these layoffs? Do you think Assassin’s Creed Shadows will help the gaming giant bounce back? Let us know in the comments, and visit the Tech4Gamers Forums for more discussions.
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[News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than three years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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