In financial difficulties for several months, Ubisoft continues its restructuring. It announced Tuesday morning the cutting of 98 positions in Canada, including 84 in its Montreal offices, which had just been promoted to the role of hub for its North American activities.
“Over the past few months, all Ubisoft teams have explored ways to streamline our operations and improve our collective efficiency so that we are better positioned for our long-term success,” the French publisher said in a press release. .
The company, which has 45 studios around the world, decided to reduce its expenses after publishing a loss of 723 million euros (1.1 billion Canadian dollars) for its 2022-2023 fiscal year. Its sales then fell by 8.7% during the first quarter of the following fiscal year.
“In this context, we announced today the reorganization of the administrative services of our Canadian studios,” adds Ubisoft. This is reflected in particular by the reduction in the workforce of Hybride, a visual effects studio whose head office is in Montreal and which also has an office in Piedmont, in the Laurentians. Ubisoft also says it is eliminating positions in its global IT team.
“This restructuring does not affect our production teams,” the publisher insisted. The 84 Ubisoft employees in Quebec who are losing their jobs represent 2% of its total Canadian workforce. They will all receive severance pay, assured the French multinational.
Announcements of job losses are starting to become more numerous in Quebec this fall. Last week, the television broadcaster TVA announced the disappearance of 547 positions, or nearly a third of its workforce. Quebecor, its main shareholder, had already cut 240 positions during 2023.
Quebec lost 22,100 jobs last month, according to Statistics Canada.