This month’s closure of Ubisoft Halifax was part of “a major organizational, operational and portfolio reset,” the French publisher announced today, alongside the cancellation of six upcoming games. Founder and CEO Yves Guillemot said the company, which employed 5,400 people in Canada as of March 2025, “will also selectively close several studios and continue restructurings” as part of the plan. Ubisoft Montreal spokesperson Antoine Leduc-Labelle said no more detail about the restructuring’s impact on the publisher’s Canadian studio system was available at this time. (The Logic)

Talking point: Ubisoft’s ongoing restructurings and cost-cutting efforts began three years ago this month. In that time, its share price has declined by 72 per cent to its current level of €6.63. Last year, it took a €1.16-billion investment from Tencent to move key brands and studios to a subsidiary co-owned with the Chinese tech giant. As an example of the malaise that has impacted its development teams over this span, one of the titles cancelled today was a remake of The Prince of Persia: Sands of Time, a project originally announced in September of 2020, with an early 2021 release window.

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