US EditionStricken games giant Ubisoft seeks rare French job cuts
- On Monday, Ubisoft said it aims to shed up to 200 staff at its Paris headquarters, with managers seeking voluntary departure agreements covering that number from 1,100 staff in Paris.
- January 21's overhaul reshaped the company by reorganising studios into 'creative houses', launching a 200-million-euro cost-cutting drive, cancelling six games, and delaying seven amid a projected operating loss.
- Fans protested online over the scrapping of the 'Prince of Persia: The Sands of Time' remake, as Ubisoft's stock plunged by 40% after the announcement on Thursday.
- A union representative staged a strike and said the protest initially drew about 10 people but the union promised broader mobilization, while Ubisoft said `There will be no final decision until a collective agreement has been reached with worker representatives and approved by the French authorities`.
- Past rounds cut around 3,000 roles and Ubisoft made 300 million euros in annual savings, though almost no cuts had affected France until now.
64 Articles
64 Articles
The video game giant announced this Monday an internal reorganization within its headquarters, with the intention of abolishing at least 200 posts in France.
Nearly 5% of Ubisoft's workforce in France are going to pay for a collective conventional break-up project, announced this Monday the management of the French video game mastodon.
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Stricken games giant Ubisoft seeks rare French job cuts
French video games giant Ubisoft said Monday it aims to shed up to 200 staff at its Paris headquarters, days after investors gave a frosty reception to a drastic restructuring plan.
This collective conventional break-up project does not concern production studios. This is the first time that France has been targeted by the group's workforce reduction plans.
Ubisoft Follows Last Week's Game Cancelations and Studio Closures With a Proposed Reduction of 200 More Jobs at its Paris Headquarters
Just a week after announcing the cancelation of six games, the closure of two studios and further job losses at another three locations, Ubisoft is now aiming its cost-reduction initiative at staff working inside its Paris headquarters.
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