US EditionStricken games giant Ubisoft seeks rare French job cuts
Ubisoft targets up to 200 voluntary job cuts at Paris HQ, nearly 20% of staff, to save €200 million amid financial losses and game cancellations, company said.
- Ubisoft, a French video game giant, is seeking to cut 200 jobs at its Paris headquarters, a rare move in its home country.
- The company has cancelled six games in development and delayed seven others as part of a larger restructuring and cost-cutting initiative.
- Ubisoft is facing financial difficulties, with disappointing game releases prompting annual savings measures and studio closures worldwide.
81 Articles
81 Articles
Following its major restructuring announcement, Ubisoft begins 'a collective, voluntary mutual termination agreement' at its Paris HQ, with 200 jobs on the line
After announcing major restructuring plans at Ubisoft and the cancellation of several games, the company has now begun a voluntary redundancy process at its Paris, France headquarters.
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.
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