Ubisoft to cut 70 Singapore jobs after $1.7b annual loss
Ubisoft had already announced dozens of job cuts at RedLynx last year as it refocused the studio on mobile games.
French video game publisher Ubisoft announced on October 14 that it will reduce its workforce by 70 employees at its Singapore studio. The company disclosed the decision following a reported net loss of S$2.15 billion for the 2025-26 fiscal year. Despite employing over 450 individuals in 2023, Ubisoft Singapore now seeks to return to profitability through cost-cutting measures.
The studio remains significant for Ubisoft's global operations. Over the course of two years, the company plans to implement spending cuts of at least 200 million euros (S$287 million), in addition to the 300 million euros (S$430 million) already earmarked for the past few years. Furthermore, Ubisoft has proposed shutting down its studio in Finland, RedLynx, which had more than 150 employees in 2021.
However, the Singapore studio had already undergone job reductions last year as part of a push to concentrate on mobile games. Ubisoft is renowned for its action-adventure games such as Assassin's Creed, Far Cry, and Watch Dogs. The company's Singapore division released Assassin's Creed Black Flag Resynced in July, which has sold over 3.5 million copies.
Written by urgent.news from Vulcan Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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