Less than a month after joining work on the Sands of Time remake, Ubisoft Toronto lays off 33 employees 'to ensure it can deliver on its ambitious roadmap' [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
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Source: Yahoo! Finance
"Ubisoft Toronto has decided to conduct a targeted realignment to ensure it can deliver on its ambitious roadmap," a company representative said in a statement provided to PC Gamer. "Unfortunately, this will impact the roles of 33 team members who will be leaving Ubisoft. We are committed to providing comprehensive support to them, including severance and career assistance, to help through this transition." The pursuit of "growth" or future ambitions is an unfortunate oxymoron that's also become a common justification for putting people out of work. Grand Theft Auto publisher Take-Two Interactive described it as "rationalizing its pipeline" in April, while Xbox chief Phil Spencer in March blamed an industry-wide " lack of growth " for the decimation of its workforce. In May, Square Enix announced its intent to "aggressively pursue" multiplatform game development with an increased focus on the PC market, a strategy that also necessitated layoffs; the following month Embracer Group
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