Ubisoft Reportedly Cuts 380 Jobs, Closes Two Studios

A layoffs tracker reports Ubisoft is cutting up to 380 more jobs and shutting down two full studios — Ubisoft Belgrade, founded in 2016, and Ubisoft Winnipeg. The cuts come as the company reorganizes into new production groups around its Tencent-backed Vantage Studios structure, with further reductions proposed at the Paris headquarters and a narrowed project slate. Ubisoft has now been shrinking continuously for over two years, and each round gets framed as the one that finally rightsizes the company. Belgrade and Winnipeg weren't failing prestige studios; they read as the support and tech teams of the kind publishers spent the 2010s building in lower-cost regions. That's the quiet shift here — the contraction has moved past underperforming projects and into the infrastructure layer. When the support studios start closing, the project slate behind them is smaller than anyone is admitting publicly.