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Stock impact report

Ubisoft to Shut Down ‘XDefiant,' Nearly 300 Employees Laid Off as San Francisco and Osaka Game Studios Close [Yahoo! Finance]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Yahoo! Finance
On Tuesday, the game publisher announced that new downloads and player registrations would no longer be available for “XDefiant,” though the game would still be releasing its Season 3 content “in the near future” and the game's servers will be live until June 3. More from Variety 'Star Wars Outlaws' Launches Major Stealth Mechanics Update After Player Backlash, New DLC Revealed Featuring Lando Calrissian Ubisoft Shoots Down Rumor 'Assassin's Creed Shadows' Could Be Further Delayed as It Explores Sale of 'Non-Core Assets' Ubisoft Responds to Sale Rumors: 'Star Wars Outlaws' Publisher 'Regularly Reviews All Its Strategic Options' As a result of the decision to cancel the game, the video game company will be moving half of its employees that work on “XDefiant” into other roles within Ubisoft, and closing its San Francisco and Osaka production studios and reducing the size of its Sydney outpost. Per Ubisoft, 143 employees are being laid off from the San Francisco office and 134 Show less Read more
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