Ubisoft Closing Several European Sales Offices

Expert Verified By

Working On A Strategic Re-Organization?

Ubisoft, a company known for popular video game franchises such as Far Cry, Assassin’s Creed, and more, is currently facing financial struggles due to poor sales figures and underwhelming game releases.

Ubisoft Entertainment SA is currently shutting down its sales offices in Poland, Spain, the Netherlands, Italy, and a few Nordic countries after poor sales figures in Q4 of 2022.

The closure of these offices is said to affect 60 employees. Ubisoft currently has 20,000 employees worldwide.

Ubisoft's Assassin's Creed Mirage

Issuing a statement to Bloomberg, the company said:

“Ubisoft’s Publishing Group has reorganized its European and Canadian business subsidiaries to better prepare them for the future.”

Going forward, the company will now follow a cost-cutting plan for the next couple of years where it will cut €200 million and follow company restructures that will lay off several non-core assets.

Ubisoft also had a difficult year in 2022 with weak sales figures. The company abandoned multiple unreleased games, like Splinter Cell VR. Additionally, the company faced a 20% drop in its shares and increased write-downs amounting to 500 million Euros.

According to industry insider Jeff Grub, Ubisoft is reportedly considering a merger with a parent company, and companies like Tencent have expressed interest in Ubisoft’s portfolio in the past.

Despite suffering losses, Ubisoft has two major releases, Assassin’s Creed Mirage and Avatar: Frontiers of Pandora, scheduled for 2023, that could potentially improve the company’s fortunes. However, a recent leak claims that Assassin’s Creed Mirage may also be facing a delay until 2024.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

AMD Almost Acquired Nvidia But CEO Jensen Huang Saved The Day

Nvidia was almost sold to AMD nearly two decades ago, but this deal eventually fell apart because Jensen Huang wanted to be the CEO.

The First Descendant Runs Significantly Better On Xbox Series X Than PS5

The First Descendant has become the latest example of a game that runs worse on the PS5 than the Xbox Series S|X.

Xbox Says You Don’t Need To Buy A Console To Play Xbox

The latest Microsoft advertisement drives home the point that an Xbox console is no longer needed to enjoy the Xbox experience.

AMD To Follow Nvidia And Become Primarily Software Company

AMD is shifting its focus from mostly making hardware to putting more emphasis on software, APIs, and AI experiences.

Free Black Myth: Wukong Copies Available With RTX 40 Promotion

Nvidia is giving away free Black Myth: Wukong codes with select GeForce RTX 40 series graphics cards for new buyers.