It looks like Ubisoft might be getting ready for some layoffs. According to Insider Gaming’s Tom Henderson, the company announced through its internal communications channel that around 380 employees might be impacted by changes brought on by an upcoming restructuring.
In its announcement, the company reportedly discussed how it has been changing things to simplify various aspects of its business, from operations to how much money it is spending. All of these decisions are seemingly being made to equip Ubisoft for long-term success.
“Over the past months. Ubisoft has been evolving its organization to simplify how it operates, reduce its cost base, and strengthen the company for the long term,” said the company. “These decisions also reflect adjustments to the level of activity following recent portfolio reviews.”
These decisions include the recent closure of its studios in Winnipeg and Belgrade. Its global Publishing division is also going to see some changes to how its teams are structured and deployed.
“In Production, difficult decisions were made to close our studios in Winnipeg and Belgrade, and we have initiated consultations regarding a proposed restructuring of our Barcelona studio with a refocus of activities on Rainbow Six subject to employee representative consultations.”
“Changes are also underway across the global Publishing organization, to adapt how teams are structured and deployed, while maintaining a strong presence in key markets. Pending consultations, these decisions mean that up to 380 employees could be impacted.”
In the meantime, Ubisoft has said that its local management teams have been working directly with employees to make sure that there is plenty of support throughout the restructuring process.
“These changes do not reflect the talent, commitment, or contributions of the people affected,” said Ubisoft. “Local management teams are engaging directly with employees to provide information, answer questions, and ensure appropriate support throughout the process.”
According to Insider Gaming, approximately 165 employees were laid off when the Winnipeg and Belgrade studios were closed down. Along with this, Ubisoft Barcelona has faced 51 layoffs, Rainbow Six Siege saw 120 of its employees being ramped off the project, and an undisclosed number of employees have been laid off at Ubisoft San Francisco.
This newest report comes just a few weeks after Ubisoft’s earnings report, where it revealed that it had suffered from losses of around €1.3 billion (roughly $1.40 billion) for the year ending on March 31st, 2026. Net bookings for the company had fallen by 17.4 percent when compared to the previous year.
Looking to the future, Ubisoft forecasted even more losses, going up to 8 to 9 percent over the next fiscal year, amounting to around €500 million. Profitability and positive free cash flow are expected to return to the company in FY 28, thanks to upcoming games that will include more ways for players to spend their money.
Ubisoft has been quite keen on cutting its costs for the last few years, and its efforts in this regard have been seemingly accelerated ever since it announced its massive restructuring in January. At the time, the company revealed that it is adopting a decentralized structure for its development teams, which are being divided into five creative houses, each of which is in charge of specific franchises, genres, and platform development.
