Ubisoft to cut 70 jobs in Singapore, close Finland studio
Ubisoft is closing its RedLynx studio in Finland and cutting 70 jobs in Singapore as part of a broader effort to improve profitability. The company, known for franchises like Assassin's Creed, is working with local unions to provide support for affected employees.
Why it matters
This move highlights the ongoing trend of downsizing and restructuring within the global video game industry as companies struggle to maintain margins.
The video game publisher and developer is behind popular action-adventure franchises including Assassin's Creed, Far Cry and Watch Dogs.
Ubisoft Entertainment logo is seen at the Paris Games Week, a trade fair for video games in Paris, France on Oct 27, 2024. (Photo: Reuters/Sarah Meyssonnier)
PARIS: French video game group Ubisoft said on Wednesday (Oct 14) that it planned to close a studio in Finland and cut 70 jobs in Singapore as it tries to return to profitability.
"Today we have informed our teams of a proposal to close RedLynx in Finland," the company said, confirming a report by Video Games Chronicle.
The company is behind popular action-adventure franchises including Assassin's Creed, Far Cry and Watch Dogs.
Ubisoft had already announced dozens of job cuts at the studio last year in a bid to refocus it on mobile games. It had over 150 employees in 2021.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in