Ubisoft shuts down San Francisco studio, affecting 143 employees [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
The move will lead to 143 employees being laid off. The studio, located at 300 Mission St. near Oracle Park, is closing because of Ubisoft's development on its XDefiant project discontinuing, the press release states. The business office will remain in San Francisco, a Ubisoft spokesperson told KRON4. Wells Fargo to sell San Francisco headquarters, according to WSJ report However, some employees — though the numerical amount was not specified — working on XDefiant will be reassigned to other roles within Ubisoft. The video game publisher added that another 134 employees based out of its Osaka and Sydney studios are also likely to be laid off. “Despite an encouraging start, the team's passionate work, and a committed fan base, we've not been able to attract and retain enough players in the long run,” Ubisoft Chief Studios and Portfolio Officer Marie-Sophie de Waubert said in part of the press release. “The game is too far away from reaching the results required to enable furthe
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