Ubisoft is squeezing its workforce to cope with ongoing financial trouble. According to the latest annual report from the publisher, average employee pay took a direct hit. The business is struggling. Sales are down, and leadership is aggressively cutting costs to keep the company afloat.
Average salaries at the publisher dipped by roughly 4% over the last fiscal period. Employees saw their average annual compensation drop to 69,400 euros, down from 71,900 euros the previous year. It is a clear sign of the company internal belt tightening as executives try to stop the financial bleeding.
The pay cut is only part of the story. Ubisoft is also rapidly shrinking its overall workforce. The company total employee count dropped to approximately 16,600 people. That is a steep fall from the 17,800 workers they employed just 1 year earlier. More than 1,000 employees lost their jobs in a single 12 month period, and previous restructuring waves make the total staff loss even larger.
These payroll cuts are a direct response to record financial losses. Ubisoft spent the last several months shutting down regional offices in Winnipeg and Belgrade while canceling unannounced projects. Instead of spreading resources thin, the publisher is refocusing entirely on its massive franchises. Teams are now forced to concentrate on established brands like Assassins Creed, Far Cry, and Rainbow Six. It is a survival strategy, but the employees are the ones paying the price.
