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- Ubisoft previously announced a Tencent-backed subsidiary to manage key franchises.
- To support a smooth launch of this new entity, the company has implemented limited restructuring measures.
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As part of the transition, nine publishing roles were cut, and some production and publishing functions will shift to other Ubisoft brands.
Ubisoft has not been in very good condition lately, and that is not surprising to many. It has become a mere shadow of its past self. Gamers used to love this company, as it was well known for releases like the Assassin’s Creed and Far Cry series.
As it is nowhere near as good as it once was, the company found itself in serious trouble until Tencent stepped in and made it an offer. That offer may have stopped the inevitable, but it also brings some bad news. Ubisoft has cut some jobs just so this new subsidiary can have a smooth launch.
Why it matters: Layoffs have been really common in the gaming industry, as thousands of employees have lost their jobs just this year, so far.
In a statement shared with Game Developer, a spokesperson for the company revealed that, to ensure a smooth and swift launch of the new subsidiary, some strategic structural decisions have been made.
While parts of the production and publishing teams will be moved to other Ubisoft brands or projects, nine roles within the publishing team have been affected, meaning those employees have been laid off.
With the formation of a new Ubisoft subsidiary, we’ve made strategic structural decisions to ensure a smooth and swift launch. Unfortunately, nine roles, primarily within our publishing team, are directly impacted.
These layoffs and transitions at Ubisoft were mainly carried out to ensure the smooth launch of a new Tencent-backed subsidiary.
The company secured around $1.25 billion from Tencent to create a separate branch focused on Ubisoft’s flagship franchises like Assassin’s Creed, Far Cry, and Rainbow Six.
The subsidiary is expected to be fully operational by the end of 2025, with Charlie Guillemot leading the effort, a move that has sparked concerns about nepotism among some in the gaming community.
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[News Editor]
Obaid is pursuing a Law degree while working as a content writer. He has worked as a gaming writer for over three years because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring, Cyberpunk 2077, and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
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