Ubisoft is reportedly shutting down its Winnipeg and Belgrade studios, while at least one other subsidiary faces a major restructuring. The organizational changes are expected to result in hundreds of job losses across Ubisoft offices spanning two continents.
Before the newly reported closures, Ubisoft had shuttered six subsidiaries in the 2020s, all since 2023. In January 2026, the company announced plans to continue the effort over the medium term, with the goal of slimming down to a more sustainable organizational model. As part of that push, Ubisoft also announced an early 2026 restructuring into five creative houses. One of them is Vantage Studios, a venture Ubisoft launched with Tencent in late 2025 and described as the new entity in charge of its biggest franchises: Assassin’s Creed, Rainbow Six, and Far Cry.
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The company’s cost-cutting efforts are now continuing with the closures of support studios Ubisoft Winnipeg and Ubisoft Belgrade, VGC reports, citing unnamed sources close to the gaming giant. Ubisoft Barcelona is also said to be undergoing a restructuring that will leave it focused solely on the Rainbow Six franchise, according to the same report. Based on its job listing history, Ubisoft’s Barcelona studio was also working on Beyond Good and Evil 2 and multiple unannounced AAA projects throughout the first half of the 2020s. However, it was not the lead developer on any known project. The new closures and restructurings are estimated to result in as many as 380 layoffs.
Ubisoft Winnipeg is a Canadian studio that has operated since 2019. Over its seven years in operation, it worked on Assassin’s Creed, Far Cry, Rainbow Six, and the short-lived multiplayer shooter XDefiant, according to its official website. The studio also contributed to Ubisoft’s in-house engines, Anvil and Snowdrop, adding new features to both. Ubisoft Winnipeg had about 65 employees as of early 2026. Ubisoft Belgrade grew to around 100 staffers, though it opened three years earlier, in 2016. It played a more active role as a support studio over the years, contributing to projects including Assassin’s Creed Shadows, Avatar: Frontiers of Pandora, Steep, Ghost Recon Wildlands, and The Crew 2.
All Ubisoft Studio Closures of the 2020s So Far
|
Year |
Studio |
Employees |
|---|---|---|
|
2023 |
Ubisoft London / Future Games of London |
~54 |
|
2024 |
Ubisoft San Francisco |
~143 |
|
2024 |
Ubisoft Osaka |
~90 |
|
2025 |
Ubisoft Leamington |
~50 |
|
2026 |
Ubisoft Halifax |
~71 |
|
2026 |
Ubisoft Stockholm |
~90–100* |
|
2026 |
Ubisoft Winnipeg |
~65 |
|
2026 |
Ubisoft Belgrade |
~100 |
*The exact closure headcount for Ubisoft Stockholm was never disclosed, but historical figures, including LinkedIn data and the studio’s own website, point to approximately 90–100 employees as of 2026.
News of the latest closures comes mere months after Ubisoft downsized Ghost Recon developer Red Storm Entertainment, which will no longer make games. Instead, the studio’s new role will focus on the Snowdrop engine, meaning it may be expected to fill the gap left by Ubisoft Winnipeg’s closure. In recent months, the company also closed its Stockholm and Halifax offices, with both shuttered in January 2026. Before its ongoing downsizing efforts, Ubisoft shut down Hungry Shark developer Future Games of London in 2023, followed by its San Francisco and Osaka studios in 2024. Ubisoft Leamington also closed its doors in 2025.
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Ubisoft is still estimated to have close to 17,000 employees after its mid-2026 studio closures. The company is expected to continue closing subsidiaries for at least several more years. Its January restructuring announcement said the cost-cutting efforts are planned over a three-year period, meaning more studio closures could occur through early 2029.