Ubisoft Toronto Studio Lays Off 33 Employees Amid Game Industry Layoff Crisis

TapTechNews June 29th news, nowaday's game industry continues to be under the shadow of layoff crisis. Entering this year, major game companies have simultaneously initiated the 'rolling layoffs' mode. According to PCGamer's report early this morning Beijing time, Ubisoft confirmed that 33 employees of its Toronto studio have been laid off.

Ubisoft stated in a statement that the studio decided to carry out a targeted reorganization to ensure that it can realize its 'ambitious' development blueprint. Unfortunately, this will affect 33 team members who will leave Ubisoft. The company promised to provide them with comprehensive support, including severance pay and career assistance, to help them through this transition period.

According to the report, Ubisoft Toronto studio is currently working on the remastered version of 'Prince of Persia: The Sands of Time' and the seemingly equally struggling remastered version of 'Tom Clancy's Splinter Cell', so this round of layoffs'seems especially surprising'. But even so, Ubisoft still claims that the layoffs will not affect any ongoing work. 'Our plans remain the same and the team is still working hard to complete the Splinter Cell remastered version and other projects of the studio.'

And as TapTechNews previously reported, Phil Spencer, head of Microsoft's game division, expressed his view on the tide of layoffs in the game industry in March this year: The lack of growth in the industry is forcing publicly traded game companies to cut costs. 'My biggest concern is the lack of growth in this industry,' Spencer said. 'When an industry expects the number of players and revenue to both decline next year, publicly traded game companies need to show growth to investors because if there is no growth, who will still hold the stocks of those companies? Therefore, the first thing to be examined is often the cost aspect. Because if you don't increase revenue, cost will become a challenge.'