CPG - Console & PC Gaming
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Guides
    • Deadlock Hero GuidesNew
    • Gray Zone Warfare GuidesNew
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From Tarkov GuidesNew
      • Jaeger
      • Mechanic
        • Gunsmith
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist
No Result
View All Result
CPG - Console & PC Gaming
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Guides
    • Deadlock Hero GuidesNew
    • Gray Zone Warfare GuidesNew
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From Tarkov GuidesNew
      • Jaeger
      • Mechanic
        • Gunsmith
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist
No Result
View All Result
CPG - Console & PC Gaming
No Result
View All Result
Home News

Ubisoft Initiates Layoffs Affecting 124 Employees in Canadian Studios and IT Division

Margarita Kicevski by Margarita Kicevski
November 7, 2023
in News
0

Ubisoft has taken a sobering step, confirming layoffs within its workforce that will impact 124 positions, primarily within their Canadian operations and global IT department. This development, which was initially reported by Video Games Chronicle, underscores the measures Ubisoft is implementing to tighten its operational efficiency and bolster its positioning for the future.

The job cuts are taking place within the company’s general and administrative sectors in Canada, as well as the VFX studio Hybride Technologies in Montreal and the global IT department. Ubisoft Montreal, the company’s largest development studio with a previous headcount of around 4,000 employees, is also affected. These changes follow on the heels of the September announcement that Ubisoft would close its London mobile studio, impacting another 54 jobs.

While the restructuring does not directly impact the teams dedicated to game production, it does underscore the company’s drive toward cost-saving measures. Ubisoft had earlier stated a goal to cut costs by €200 million over the coming two years, with strategies including targeted restructuring and divesting from non-core assets.

In an industry that has seen numerous layoffs in 2023, affecting companies such as Xbox Game Studios, Sony Interactive Entertainment, and others, Ubisoft’s announcement contributes to a growing trend of uncertainty for gaming professionals. Despite the industry’s expansive growth and the success of major titles, economic pressures and the need for efficiency are leading to tough decisions and a reevaluation of workforce needs.

Ubisoft has expressed a deep appreciation for the contributions of the affected employees and is committed to supporting them through the transition, providing assistance in finding new opportunities. This commitment speaks to the company’s acknowledgment of the value these individuals have brought to their roles and the difficult nature of this corporate decision.

Tags: Ubisoft
ShareTweet
Previous Post

Microsoft Flight Simulator’s Latest Update Takes You Over the Nordic Skies and Greenland’s Icy Tundra

Next Post

Guild Wars 2 November 7 Update Notes and More

Margarita Kicevski

Margarita Kicevski

My job is similar to Angel's, focus on news and updates, even though most of my work is taking care of two little devils. I am here to cover when most needed, and try to deliver the best I can. It's my fault pushing Angel to reboot ConsolePCGaming.com Wish me luck <3.

RELATEDPOSTS

PC

The Division 2’s Crossroads Update Unveils Battle for Brooklyn and New Gameplay Systems

May 27, 2025
News

Assassin’s Creed Shadows 1.0.5 Patch Adds Balatro Crossover and Dead by Daylight Event

May 27, 2025
News

Dead by Daylight Teams Up with Assassin’s Creed Shadows for Upcoming Crossover

May 18, 2025
News

Assassin’s Creed Shadows Teams Up with Dead by Daylight for New Quest

May 14, 2025
News

Assassin’s Creed Odyssey Surpasses Shadows in Daily Steam Players

May 13, 2025
News

Assassin’s Creed Shadows Lighting Would Take 2 Years and 2TB of Data to Bake

May 12, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Battlestate Games shares results from the in-game Survey about the Flea Market

January 30, 2025

Escape From Tarkov 2025 Roadmap Revealed, Full Release Finally Confirmed

April 18, 2025
Tarkov patch 0.15

Escape From Tarkov reveals the 0.15 trailer before wipe

August 14, 2024

Minecraft Update 1.21.21 Patch Notes for August 14/15

August 14, 2024

Escape From Tarkov Best Graphics Settings – Updated With Patch 0.15.5

41

Escape From Tarkov: How to Snipe Flea Market Items Easily?

32

CoD: Warzone Season 2 Update Fixes Plenty of Bugs

28

MW2 and Warzone 2.0 Season 3 is full of Bugs and Issues, Upcoming Fixes and more

19

Black Myth: Wukong Set to Arrive on Xbox Series X|S August 20

June 6, 2025

The Witcher 4 Might Draw Inspiration from Kingdom Come: Deliverance 2 and Baldur’s Gate 3

June 5, 2025

Enlisted’s Normandy Event Brings Historic D-Day Rewards and Rare Vehicles

June 5, 2025
EA Sports FC 25

Xbox Game Pass Welcomes EA Sports FC 25, The Alters, and More This June

June 5, 2025

CPGPATCH NOTES

News

League of Legends Patch 25.12 Preview: Rammus Gets a Major Makeover

by Mihaela Kicevski
June 3, 2025
Patch Notes

Elden Ring Nightreign Patch 1.01.1 Brings Solo Mode Perks and Bug Fixes

by Margarita Kicevski
June 2, 2025
News

Elden Ring Nightreign 1.02 Update Brings Auto-Revive and More Runes for Solo Players

by Mihaela Kicevski
May 30, 2025

About Us

We are CPG - Console & PC Gaming, an independent, family-run website providing fresh news, updates, reviews, interviews, guides, and other bits and pieces from the gaming industry.

Read more

  • About
  • Privacy Policy
  • Contact

© 2024 CPG - Console & PC Gaming

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • PC
  • PS5
  • Xbox
  • Switch
  • Mobile
  • Reviews
  • Guides
    • Deadlock Hero Guides
    • Gray Zone Warfare Guides
      • Artisan
      • Banshee
      • Gunny
      • Handshake
      • Lab Rat
      • Turncoat
    • Escape From Tarkov Guides
      • Jaeger
      • Mechanic
      • Peacekeeper
      • Prapor
      • Ragman
      • Skier
      • Therapist

© 2024 CPG - Console & PC Gaming