Ubisoft Laying Off 124 Employees - News
by William D'Angelo , posted on 07 November 2023 / 2,720 Views
Ubisoft announced it will be laying off 124 employees, with the majority in Canada.
"Over the past few months, every team within Ubisoft has been exploring ways to streamline our operations and enhance our collective efficiency so that we are better positioned for success in the long term," said a Ubisoft representative in a statement sent to VideoGamesChronicle.
"In this context, today we announced that we are reorganizing our Canadian studios’ general and administrative functions and reducing headcount in Hybride (our VFX studio based in Montreal) and in our global IT team, which impacts 124 positions overall.
"These are not decisions taken lightly and we are providing comprehensive support for our colleagues who will be leaving Ubisoft during this transition. We also want to share our utmost gratitude and respect for their many contributions to the company. This restructuring does not affect our production teams."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Sounds like alot, but when you consider Ubisoft had 19,410 employees before, 124 laid off equals just 0.64% of their workforce. Compare to say Bungie laying off 8.3% of their workforce or Epic laying off 16% of their workforce recently.
Hopefully the affected can all find new jobs quickly.
That's not how percentages work lol .0064% of their workforce would be a person and a quarter
Decimal point error. Have to get rid of those two 0s.
Still, hopefully they find new jobs quickly. I wouldn’t be surprised if those skills were still in high demand within Canada.
Typo, double tapped my 0 key and misaligned my decimal point and didn't proofread before posting, fixed now.
Educational system failed this one
