PARIS: French online game group Ubisoft mentioned on Wednesday (Oct 14) that it deliberate to shut a studio in Finland and minimize 70 jobs in Singapore because it tries to return to profitability.
“Right now we’ve knowledgeable our groups of a proposal to shut RedLynx in Finland,” the corporate mentioned, confirming a report by Video Video games Chronicle.
The corporate is behind in style action-adventure franchises together with Murderer’s Creed, Far Cry and Watch Canines.
Ubisoft had already introduced dozens of job cuts on the studio final yr in a bid to refocus it on cellular video games. It had over 150 staff in 2021.
In Singapore, 70 jobs will probably be minimize, although the native studio “stays an vital ingredient” of Ubisoft’s international operation, the corporate mentioned.
The subsidiary lately labored on Assassin’s Creed Black Flag Resynced, successful title launched in July that has offered greater than 3.5 million copies.
However since January, the corporate has been slashing prices to return to revenue, after posting in Might a web lack of 1.5 billion euros (US$1.68 billion) for its 2025-26 monetary yr.
It goals for at the least 200 million euros in spending cuts in two years, on prime of 300 million already focused in recent times.
CNA has reached out to the Ministry of Manpower, the Artistic Media and Publishing Union and the Nationwide Trades Union Congress for extra info.
