Ubisoft offered 200 employees in Paris the opportunity to resign
Ubisoft continues to reduce its workforce. This time, it plans to let go of about 18% of the staff at its Paris headquarters.
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In an internal letter, Ubisoft stated that it does not intend to conduct traditional layoffs. Instead, it wants employees to leave the company voluntarily under a "collective agreement on voluntary termination of employment contracts," known in France as Rupture Conventionnelle Collective. This is a widely used legal mechanism in France applied for mutually agreed terminations.
Ubisoft emphasized that, for now, this is only a proposal. The final decision on layoffs will need to be coordinated with the union and French authorities.
Last week, Ubisoft announced the start of the third phase of its cost-cutting program and a new restructuring phase, during which it will be divided into five "creative houses." Following this, the company’s shares plummeted by a third.