Overview

• Ubisoft aims to enhance efficiency and adapt to market evolution with the latest layoffs.
• Comprehensive support is being provided to the impacted employees, alongside expressions of gratitude for their contributions.
• The layoffs are part of a broader trend of job cuts across the gaming industry, with thousands of positions eliminated in recent months.
• Ubisoft's financial results showed a slight increase in net bookings but a decrease in revenue for the period ending December 31, 2023.
• Recent game releases include Prince of Persia: The Lost Crown and Skull and Bones, with more titles planned for the fiscal year 2024-2025.