Ubisoft Lays Off 93 Employees in San Francisco Office
The San Francisco layoffs are the latest sign of Ubisoft's ongoing financial struggles and the execution of a cost-cutting plan that has already closed multiple studios.
Key Facts
- Ubisoft laid off 93 employees at its San Francisco office, according to a California WARN notice filed this week.
- The layoffs are part of a restructuring announced in January that included a management overhaul and a shift to a 'creative house' model.
- Earlier cuts included the closure of studios in Winnipeg and Belgrade, expected to result in roughly 340 layoffs.
- Ubisoft's May financial report showed net bookings down 54% year-over-year.
- The company received a $1.25 billion investment from China's Tencent before the January restructuring was announced.
Reporting from 1 source: GameBusiness.jp.
Ubisoft has laid off 93 employees at its San Francisco office, according to a California WARN notice. The layoffs follow recent studio closures in Winnipeg and Belgrade expected to cut roughly 340 jobs. The company's net bookings fell 54% year-over-year in its May financial report, and the cuts are part of a restructuring announced in January.
Ubisoft laid off 93 employees at its San Francisco office, according to a California WARN notice filed this week. The company has been cutting costs since January, when it announced a management overhaul and a shift to a "creative house" model. Those cuts already included the closure of studios in Winnipeg and Belgrade, which are expected to result in roughly 340 layoffs. Ubisoft's May financial report showed net bookings down 54% year-over-year, a steep drop in a key sales metric that includes digital sales and microtransactions. The company received a $1.25 billion investment from China's Tencent before the January restructuring was announced.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- GameBusiness.jp Ubisoft、サンフランシスコ拠点で93名を削減—「構造改革」に伴うレイオフが続く