Ubisoft Announces 124 Layoffs Amidst Industry Struggles
Ubisoft, the Paris-based game developing company, recently announced 124 planned layoffs to its employees. This announcement comes amidst the wider struggles that the gaming industry has been facing due to the Covid-19 pandemic.
In accordance with the announcement, layoffs will mostly affect employees affiliated with the Canadian studio, Ubisoft’s Montreal branch, which houses both publishing and development side of the company. The layoffs would occur over the course of the next twelve months, and would not exceed 124.
The company then extended its apology to its affected employees and families and subsequently promised to equip them with support and resources to help cushion the fall. This includes severance packages, outplacement services, and a ‘transition package’ for more senior employees, which was later accepted by the employees’ union.
The chief executive of Ubisoft, Yves Guillemot, said that the pandemic had significantly accelerated the process. Guillemot also remarked that the company would ‘continue to invest in its long-term development, by innovating and transforming itself”, and that the company was still in business despite the layoffs.
The invasive coronavirus has infected more than a million people globally, while placing thousands of people out of jobs, many of whom were contained within the gaming industry. Companies like Squaresoft Enix, Sony Interactive Entertainment, and Bethesda have also taken to layoffs in response.
As of right now, the extent of the loss cannot be predicted, however, it is certain that the gaming industry has taken a significant hit due to the pandemic, and is yet to recover from the aftermath.