Ubisoft sees cost reduction plan exceeding EUR200M by 2024-2025 [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
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Source: Yahoo! Finance
In This Article UBSFF UBSFY https://www.tipranks.com/news/the-fly/ubisoft-sees-cost-reduction-plan-exceeding-eur200m-by-2024-2025 As part of its ongoing efforts to streamline operations and enhance collective efficiency, Ubisoft ( UBSFY ) continued to drive significant cost reductions as it adopts an even more selective approach to investments. In December, following a thorough assessment of its performance, profitability and market conditions, Ubisoft announced the discontinuation of XDefiant and the closure of three production studios in high-cost geographies. Additionally, in January, the Group announced the closure of an additional production site and targeted restructurings that impacted three studios. The company now expects to exceed E
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