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Ubisoft Axes 185 Jobs, Shutters Former DJ Hero Studio

Ubisoft has slashed its workforce yet again, cutting 185 jobs across Europe as part of its ongoing restructuring saga. This latest move involves permanently closing Ubisoft Leamington—the studio formerly known as FreeStyleGames, creators of DJ Hero—while downsizing operations at Ubisoft Düsseldorf, Stockholm, and Reflections.

Leamington Spa’s Ubisoft branch, acquired from Activision in 2017, had shifted from mixing beats to backing up Ubisoft’s big hitters like Far Cry 5, Avatar, and Star Wars Outlaws. But its time in the spotlight is over.

In a statement to VGC, Ubisoft said:

“As part of our ongoing efforts to prioritize projects and reduce costs that ensure long-term stability at Ubisoft, we have announced targeted restructurings at Ubisoft Düsseldorf, Ubisoft Stockholm and Ubisoft Reflections and the permanent closure of Ubisoft Leamington site. Unfortunately, this should impact 185 employees overall. We are deeply grateful for their contributions and are committed to supporting them through this transition.”

This shake-up isn’t happening in isolation. After a string of underwhelming game launches and bleak financials, Ubisoft is scrambling to reshape its business. Earlier this month, the company declared it was “exploring strategic and capitalistic options” to extract more value from its assets—executive speak for finding ways to make more money.

Earlier this month, a Bloomberg report quickly surfaced that Tencent, the Chinese tech giant, and Ubisoft’s founding Guillemot family might join forces to create a new venture. This hypothetical entity would shuffle some Ubisoft assets into its portfolio, theoretically boosting the company’s valuation.

For context, the Guillemots currently hold 14% of Ubisoft’s shares, while Tencent owns 9.99%. This partnership has been brewing since last October when Bloomberg reported the pair were brainstorming ways to stabilise Ubisoft after its market value plummeted by more than half in 2022. Talks of taking Ubisoft private were floated, but those discussions remain in the realm of possibility rather than reality.

For now, Ubisoft is playing a high-stakes game to keep its footing in an industry that’s as competitive as the final level of Assassin’s Creed. Only time will tell if these moves will bring stability or push the company further into rough waters.

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