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HomeGame DevelopmentUbisoft remains to be making layoffs after securing $1.25 billion Tencent funding

Ubisoft remains to be making layoffs after securing $1.25 billion Tencent funding


Ubisoft has laid off 19 employees at Star Trek: Bridge Crew and Tom Clancy’s developer Ubisoft Pink Storm.

The French firm confirmed the information in a press release to IGN and mentioned the cuts are a part of its beforehand introduced restructuring program.

“At the moment, Ubisoft made the choice to eradicate 19 roles at Pink Storm Leisure. This step is a part of our ongoing, focused restructuring and international cost-saving efforts, and displays the wants on the studio’s tasks,” mentioned the studio.

“Whereas this was not a simple determination, it was a essential one given our operational priorities. We stay dedicated to supporting these affected with complete severance packages, prolonged health-care advantages, and profession transition help. We deeply respect their onerous work and the influence they’ve had on Ubisoft.”

Ubisoft mentioned no different places have been impacted by the newest layoffs, however refused to remark when IGN requested for extra info on Pink Storm’s present undertaking slate and total headcount.

Pink Storm relies in Cary, North Carolina and was co-founded by novelist Tom Clancy in 1996. The studio was acquired by Ubisoft in 2000 after discovering success with its debut title Tom Clancy’s Rainbow Six in 1998. After being bought by Ubisoft, Pink Storm went on to work on different notable franchises together with Tom Clancy’s Ghost Recon, Rocksmith, and Tom Clancy’s The Division.

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In line with the Pink Storm web site, the studio remains to be hiring and is presently “working to construct Ubisoft’s AAA VR future with Murderer’s Creed.”

Ubisoft continues placing employees to the sword after huge Tencent funding

Ubisoft has laid off a whole lot of employees and shuttered a litany of studios over the previous 12 months.

In January, the corporate closed its studio in Leamington UK and downsized others in Dusseldorf, Stockholm, and Newcastle. These cuts had been made months after Ubisoft scrapped live-service shooter XDefiant and closed its studios in Osaka and San Francisco.

Originally of the 12 months, Ubisoft mentioned it should take “decisive steps” to reshape its enterprise and “drive vital value reductions.” Just some months later, Ubisoft established a brand new subsidiary in partnership with Tencent, which bought a minority stake within the division for round $1.25 billion.

Ubisoft mentioned the nascent division will “spearhead” growth on key franchises akin to Murderer’s Creed, Rainbow Six, and Far Cry. 

“We’re crystalizing the worth of our property, strengthening our stability sheet, and creating the very best circumstances for these franchises’ long-term development and success,” mentioned Ubisoft CEO Yves Guillemot on the time. “With its devoted and autonomous management crew, it is going to concentrate on remodeling these three manufacturers into distinctive ecosystems.”

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