US EditionStricken games giant Ubisoft seeks rare French job cuts
Ubisoft aims to cut nearly 20% of Paris HQ staff via voluntary agreements amid €300 million annual savings and a projected €1 billion operating loss in 2025-26, officials said.
- On Monday, French video games giant Ubisoft said it aims to shed up to 200 staff at its Paris headquarters and has entered talks for a Rupture Conventionnelle Collective, applying only to Ubisoft International employees under French contracts.
- Financial strain tied to poor releases and studio closures has left Ubisoft facing an operating loss of around one billion euros in 2025-26, driving a €200 million five-year savings target.
- Paris HQ employs around 1,100 people, and managers said voluntary departure agreements would target up to 200 roles, nearly 18% of the staff; IGN reported this plan predated the five-day return-to-office mandate.
- Union representative Chakib Mataoui protested outside Ubisoft's Paris office, saying `The anger among employees was immediate`, while Ubisoft stressed `There will be no final decision until a collective agreement has been reached with worker representatives and approved by the French authorities`.
- On top of the staff proposal, the company also unveiled a 200-million-euro cost-cutting drive , six cancelled games, seven delayed titles, and a 40% share price plunge leaving stocks 95% down since January 2021.
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Following its major restructuring announcement, Ubisoft begins 'a collective, voluntary mutual termination agreement' at its Paris HQ, with 200 jobs on the line
After announcing major restructuring plans at Ubisoft and the cancellation of several games, the company has now begun a voluntary redundancy process at its Paris, France headquarters.
The video game giant announced this Monday an internal reorganization within its headquarters, with the intention of abolishing at least 200 posts in France.
Nearly 5% of Ubisoft's workforce in France are going to pay for a collective conventional break-up project, announced this Monday the management of the French video game mastodon.
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Stricken games giant Ubisoft seeks rare French job cuts
French video games giant Ubisoft said Monday it aims to shed up to 200 staff at its Paris headquarters, days after investors gave a frosty reception to a drastic restructuring plan.
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