Ubisoft plans to close another studio and lay off up to 122 workers

Ubisoft has announced further restructuring efforts, confirming plans to close its Ubisoft Singapore and RedLynx studios as part of a broader strategy to streamline operations. The company intends to lay off up to 122 employees across these locations. This move follows a series of recent cost-cutting measures implemented by the publisher as it navigates a challenging period for the gaming industry. Ubisoft stated that these decisions are necessary to improve efficiency and focus resources on its core development projects. Affected staff members are being offered support, including severance packages and assistance in finding new roles. The closures reflect ongoing volatility within the gaming sector, where major publishers are increasingly downsizing to manage rising development costs and shifting market demands. Ubisoft remains committed to its primary franchises despite these significant workforce reductions.