Ubisoft's Death by a Thousand Cuts
9 hours ago
- #Ubisoft
- #Red Storm Entertainment
- #Gaming Industry
- The Game Business celebrates its one-year anniversary, thanking its audience for their support.
- Nvidia’s DLSS 5 reveal dominated last week's discourse, but the closure of Red Storm Entertainment was the most significant story.
- Ubisoft’s Red Storm Entertainment will cease making video games, resulting in 105 job losses, though the studio remains open for other services.
- Red Storm Entertainment, founded in 1996, was known for launching the Rainbow Six and Ghost Recon series.
- Ubisoft is making significant cuts to reduce fixed costs by €500 million between March 2023 and March 2028.
- Ubisoft has closed multiple studios and cut jobs across various divisions, leading to unrest among employees.
- Employees at Ubisoft are experiencing fear and uncertainty, with some openly rebelling against the company's decisions.