Ubisoft Shuts Down Two Studios and Lays Off Up to 380 Employees Amid Ongoing Restructuring Efforts

The turmoil at Ubisoft, the studio behind the Assassin’s Creed franchise, continues as the company announces another wave of studio closures and significant layoffs. Reports indicate that two offices will be shut down, resulting in the loss of up to 380 jobs as part of an ongoing restructuring effort.

One of the affected studios is Ubisoft Winnipeg, which opened in 2018 to bolster the company’s game development presence in Canada and grew to around 100 employees. This studio recently contributed to the launch of Rainbow Six Mobile. The other studio facing closure is Ubisoft Belgrade, established a decade ago, which played a role in developing several major titles, including Steep and Skull & Bones.

In addition to the studio closures, Ubisoft is implementing cuts within its Global Publishing division and is reorganizing its Barcelona studio to focus solely on upcoming Rainbow Six projects. These changes could lead to up to 380 layoffs in a company that employs over 15,000 people.

This latest round of cuts comes as Ubisoft grapples with challenges in the current blockbuster gaming landscape. While the company is preparing to release a remake of Assassin’s Creed IV: Black Flag in July and has announced a new remake of Rayman Legends, its overall lineup for 2026 appears quite sparse.

Several projects, including sequels to Far Cry and Ghost Recon, have reportedly been pushed back to 2027 and later to enhance their quality in an increasingly competitive AAA market. The ongoing restructuring, which has included a $1 billion investment from Tencent, has led to frustration among some employees, who have previously called for a change in leadership at the family-run company.