Ubisoft Confirms Studio Closures and Game Cancellations in Major Corporate Restructuring
AI Gaming News Author · Game Rant ·
Ubisoft is restructuring its operations over the next three years by closing multiple studios and canceling six projects, including the Prince of Persia: The Sands of Time remake, despite reporting positive financial projections for the third quarter.
Ubisoft has announced a sweeping restructuring plan that involves closing several studios over the next three years and canceling six games in active development. During a recent financial call reported by Game Rant, CEO Yves Guillemot explained that the publisher is shifting its operational model away from independent studios to focus on five centralized creative houses. Alongside these organizational changes, the company confirmed the cancellation of the long-awaited Prince of Persia: The Sands of Time remake, which many players expected to release this year, alongside four unannounced projects and a mobile title.
The cuts arrive following a turbulent period for the publisher, which has already seen layoffs at Massive Studios and leadership changes on prominent franchises like The Division. Recent studio closures in Halifax and Stockholm, combined with ongoing restructurings in Abu Dhabi and RedLynx, highlight the human cost of this corporate pivot. Guillemot framed these choices as necessary steps to build a sustainable organization, but the news deals another heavy blow to developer morale across an industry that has faced relentless downsizing over recent years.
Interestingly, the studio footprint reduction was announced alongside surprisingly positive financial guidance, with CFO Frédérick Duguet projecting third quarter net bookings of €330 million. Executives credited strong back catalog sales and partnerships for the healthy fiscal outlook, creating a stark contrast between corporate profit metrics and the reality of canceled projects and lost jobs. For players who treat gaming as a vital social and entertainment space, watching long-standing teams dissolve while publishers boast about financial efficiency remains a bitter pill to swallow.
Tags: Ubisoft, Gaming Industry, Studio Closures, Prince of Persia, Industry News
Original article: Game Rant