Restructuring
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Tekken and Pac-Man owners Bandai Namco announce major restructure with investment from Sony
Bandai Namco Holdings is undergoing a significant company-wide restructuring effective April 1st, impacting its film, toy, arcade, and video game divisions. This comes as Sony invests approximately $464.5 million for a 2.5% stake and Nintendo acquires Bandai Namco Studios Singapore. The company has also seen layoffs and game cancellations in the past year.
Clint Hocking, Creative Director of the next Assassin's Creed, leaves Ubisoft following restructure
Clint Hocking, Creative Director for the upcoming Assassin's Creed Codename Hexe, has departed Ubisoft following a company-wide restructure. Hocking, known for his work on Far Cry 2 and Splinter Cell: Chaos Theory, was leading the development of the new title, which is described as a horror-focused experience. Jean Guesdon has taken over as Creative Director for Codename Hexe.
Ubisoft Toronto lays off 40 employees as part of major restructuring
Ubisoft Toronto has laid off 40 employees as part of a larger restructuring and cost-saving plan announced by the company. A Ubisoft spokesperson confirmed the news, stating that the decision was difficult and that support would be provided to affected employees. Development on the Splinter Cell remake is reportedly ongoing.
Ubisoft Q3 net bookings rise 12% to €338m, primarily driven by Assassin's Creed franchise
Ubisoft reported a 12% year-on-year increase in Q3 net bookings to €338 million, exceeding its guidance, largely driven by the Assassin's Creed franchise and strong back-catalogue sales. The company also announced restructuring plans, including workforce reductions, and completed Tencent's investment in its Vantage Studios.
At least 1,200 Ubisoft workers strike in response to recent restructuring
Over 1,200 Ubisoft employees participated in a three-day international strike in response to recent restructuring, studio closures, and game cancellations. Union representatives criticized management's decisions and the lack of pay raises, while Ubisoft stated the changes aim to strengthen team autonomy and ensure long-term sustainability. The strike also addressed the company's five-day-a-week return-to-office mandate.
