The upheaval at Assassin’s Creed maker Ubisoft continues as it faces a new round of studio closures and mass layoffs. The French publisher will close two offices and cut up to 380 staff, according to a source familiar with the ongoing restructuring.
One of the studios being shut down, as first reported by Insider Gaming, is Ubisoft Winnipeg. It opened back in 2018 to extend the company’s game development operation in Canada and grew to roughly 100 employees. It most recently helped ship Rainbow Six Mobile. The other is Ubisoft Belgrade. Opened a decade ago, it aided in the production of a range of blockbusters from Steep to Skull & Bones.
Ubisoft is also instituting cuts across its Global Publishing division and seeking a reorganization of its Barcelona studio to have it focus exclusively on the development of upcoming Rainbow Six projects. The result of all of these cuts, according to the source, would be up to 380 layoffs across a company which employs over 15,000.
It’s the latest round of pain for a publisher that’s been struggling in the modern blockbuster production landscape. While Ubisoft is set to launch a remake of Assassin’s Creed IV: Black Flag in July, and recently announced a fresh remake of Rayman Legends, the company’s overall slate of 2026 game releases is exceptionally thin.
Many projects were reportedly delayed to 2027 and beyond, like upcoming Far Cry and Ghost Recon sequels, in order to improve their overall quality before they launch into an ever more competitive AAA gaming market. Ubisoft’s ongoing restructuring, which included a $1 billion bailout from Tencent, has led to frustration among some employees who have previously called for new leadership at the family-owned and run publisher.