Ubisoft Toronto Fires 33 Employees in ‘Targeted Realignment’

What’s happening at Ubisoft Toronto?

Ubisoft is terminating 33 employees at its Toronto studio, as the video game maker continues to experience the industry-wide wave of layoffs. This decision, confirmed by PC Gamer, is part of a “targeted realignment” and aims to align with the company’s ambitious future plans.

Official statement and context

• Company Statement: “Ubisoft Toronto has decided to conduct a targeted realignment to ensure it can deliver on its ambitious roadmap,” a representative stated to PC Gamer. “Unfortunately, this will impact the roles of 33 team members who will be leaving Ubisoft. We are committed to providing comprehensive support to them, including severance and career assistance, to help through this transition.”
• Project Impact: Despite these layoffs, Ubisoft assures that ongoing projects such as the Prince of Persia: The Sands of Time remake and the Splinter Cell remake will continue without disruption.

Industry reaction

• Broader Context: The justification of layoffs under the guise of future growth or realignment is becoming increasingly common. In recent months, Sumo Group, Gameloft, Take-Two Interactive, Square Enix, and Embracer Group have all announced layoffs citing similar reasons. Ubisoft laid off 45 employees earlier this year.
• Market Dynamics: The rapid expansion seen during the early years of the COVID-19 pandemic, driven by increased game playing while people were home, has slowed. Companies are now adjusting to a more stabilized market environment.

📺 WATCH: Everything You Need to Know About Mass Terminations

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Major layoffs continue

The job cuts at Ubisoft come amid a flurry of layoffs in 2024.

Big names, including Timbre Games, Vancity, Stifel, WillScot of Canada, Netflix, McKinsey & Co, EXL Service, Best Buy, Relic Entertainment, Ubisoft, Intel, Amazon, Telus, Canada Goose, Dell, Unilever, IBM, and TC Energy, have pulled out the axe as they continue to navigate challenging economic conditions.

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