Ubisoft Employees Reportedly Worried About More Layoffs
Ubisoft, a renowned video game developer and publisher, has been making significant changes to its business strategy in recent times. The company has announced the creation of a new subsidiary, which will house three of its most valuable intellectual properties (IPs). This move has raised eyebrows among current employees, who are worried about the possibility of another wave of layoffs.
According to a recent report, Tencent, a Chinese conglomerate, has invested $1 billion in the new subsidiary, taking a minority stake in the venture. While this news may seem exciting for shareholders and fans of Ubisoft’s games, it has sparked concerns among the company’s employees. Many are worried that the new direction will lead to further job cuts, as the company looks to streamline its operations and focus on more profitable projects.
The fear of layoffs is not new to Ubisoft employees. In 2020, the company underwent a massive restructuring, which resulted in the loss of hundreds of jobs. The move was seen as a necessary step to help the company recover from a tough financial period, but it still left many employees feeling uncertain about their future.
The latest news about the new subsidiary has only added to the anxiety. While the company has not explicitly confirmed whether the layoffs are imminent, the rumors are spreading quickly through the gaming community. Many employees are worried that the shift towards a more focused approach will result in the elimination of underperforming projects and teams, leading to job losses.
One employee, who wished to remain anonymous, shared their concerns with a gaming website. “We’ve been hearing rumors about the new subsidiary for weeks, and everyone is on edge. The fact that Tencent is investing $1 billion is a big deal, and it’s natural to wonder what this means for our jobs.” The employee continued, “I’ve heard that some teams might be merged or even shut down, and it’s hard not to worry about what the future holds.”
Another employee, who has been with the company for over a decade, expressed similar concerns. “We’ve seen so many people let go over the past few years, and it’s not just the new employees who are worried. Even the veterans are looking over their shoulders, wondering when their turn will come. The uncertainty is frustrating, and it’s making it hard for people to focus on their work.”
The new subsidiary is expected to focus on developing games based on three of Ubisoft’s most popular IPs: Assassin’s Creed, Far Cry, and Just Dance. While this move may seem like a natural step for the company, it has raised concerns among some employees who feel that it will lead to a more fragmented approach to game development.
“The fact that we’re creating a new subsidiary just for these three IPs is a bit confusing,” said one employee. “It’s like we’re creating a new company within a company. I’m not sure what this means for our existing projects or teams, and it’s hard not to wonder if we’re just setting ourselves up for failure.”
Despite the concerns among employees, Ubisoft has remained tight-lipped about the details of the new subsidiary and its implications for job security. The company has only released a statement confirming the creation of the new venture and the investment from Tencent, but it has not provided any further information.
As the gaming community waits for more news about the future of Ubisoft, employees are left to wonder what the next few months will bring. While the $1 billion investment from Tencent is a significant vote of confidence in the company’s new direction, it has also raised concerns about the potential for layoffs.
Only time will tell what the future holds for Ubisoft and its employees. However, one thing is certain: the company’s new approach is already causing a stir in the gaming community, and it will be interesting to see how things unfold in the coming months.
Source: https://sports.info/esports/ubisoft-employees-worried-about-layoffs-8901131
