Ubisoft laid off 1,700 workers on the path to its highest net bookings ever

Draugoth

Draugoth

Gold Member
ac_mirage.jpg


Thanks to the Tom Clancy's Rainbow Six and Assassin's Creed series, the company saw a 33.5 percent increase in net bookings, pulling down €2.3 billion (about $2.5 billion) for the full year.
Click to expand...

Ubisoft's full-year results for 2023-2024 show off strong financial performance for the company. The Assassin's Creed, Far Cry, and Just Dance publisher earned about $2.5 million in net bookings, a new record.

Ubisoft's net bookings rose 33.5 percent in 2023 through 2024, but it's laid off 1,700 employees since 2022.

via GameDeveloper
 
Last edited:
Draugoth said:
ac_mirage.jpg


Ubisoft's full-year results for 2023-2024 show off strong financial performance for the company. The Assassin's Creed, Far Cry, and Just Dance publisher earned about $2.5 million in net bookings, a new record.

Ubisoft's net bookings rose 33.5 percent in 2023 through 2024, but it's laid off 1,700 employees since 2022.

via GameDeveloper
Click to expand...
The correct number appears later in the article:

Thanks to the Tom Clancy's Rainbow Six and Assassin's Creed series, the company saw a 33.5 percent increase in net bookings, pulling down €2.3 billion (about $2.5 billion) for the full year.
Click to expand...
 
Last edited:
Don't buy any games from Ubisoft they are evil corporation. And don't buy from Microsoft as they are evil corporation too. And don't buy from Ea. And don't buy from Sony. And don't buy from Google. And don't buy from Amazon. Don't buy from Meta. Don't buy from discord. And don't buy from Ebay. And dont buy from Dell. And don't buy from Walmart. And don't ship via UPS, or buy anything with PayPal.
 
Kilau said:
That's what, half the people in the credits for an Asscreed game?
Click to expand...
Try 25% tops.

In the end those companies will all act I tandem blaming "industry environment" for it. This only tells you they don't value you as an employee.
 
Last edited:
THE DUCK said:
Don't buy any games from Ubisoft they are evil corporation. And don't buy from Microsoft as they are evil corporation too. And don't buy from Ea. And don't buy from Sony. And don't buy from Google. And don't buy from Amazon. Don't buy from Meta. Don't buy from discord. And don't buy from Ebay. And dont buy from Dell. And don't buy from Walmart. And don't ship via UPS, or buy anything with PayPal.
Click to expand...
How many people Sony lay off?
 
THE DUCK said:
Don't buy any games from Ubisoft they are evil corporation. And don't buy from Microsoft as they are evil corporation too. And don't buy from Ea. And don't buy from Sony. And don't buy from Google. And don't buy from Amazon. Don't buy from Meta. Don't buy from discord. And don't buy from Ebay. And dont buy from Dell. And don't buy from Walmart. And don't ship via UPS, or buy anything with PayPal.
Click to expand...
Yeah boycotts are dumb, I don't see anybody doing that here, but we shouldn't really be turning a blind eye to mass layoffs by highly profitable companies either. Fuck them all for doing that.
 
Last edited:
THE DUCK said:
Don't buy any games from Ubisoft they are evil corporation. And don't buy from Microsoft as they are evil corporation too. And don't buy from Ea. And don't buy from Sony. And don't buy from Google. And don't buy from Amazon. Don't buy from Meta. Don't buy from discord. And don't buy from Ebay. And dont buy from Dell. And don't buy from Walmart. And don't ship via UPS, or buy anything with PayPal.
Click to expand...
Are you ok? We worry and are planning an intervention as we speak.
 
Last edited:
THE DUCK said:
Don't buy any games from Ubisoft they are evil corporation. And don't buy from Microsoft as they are evil corporation too. And don't buy from Ea. And don't buy from Sony. And don't buy from Google. And don't buy from Amazon. Don't buy from Meta. Don't buy from discord. And don't buy from Ebay. And dont buy from Dell. And don't buy from Walmart. And don't ship via UPS, or buy anything with PayPal.
Click to expand...

ctrl+f 'Nintendo'
no results found
e54e29866ee4feb25db1e9a07fcfa2ca.gif
 
Last edited:
Three said:
Yeah boycotts are dumb, I don't see anybody doing that here, but we shouldn't really be turning a blind eye to mass layoffs by highly profitable companies either. Fuck them all for doing that.
Click to expand...

Just saying, my point being people seem to pick and choose which ones to vilify. Not happy about layoffs anywhere.
 
From a business perspective, I look at it like they've trimmed the fat and continued to have income and funding. I'd like to think of this negatively it I can't at the time
 
Keep thinking those companies wants the best for the customers(and employees). These companies would make people slaves if there weren't laws blocking them, they just want more and more money.
 
Last edited:
GHG said:
The headlines are hilarious considering the full quarterly statement:

kCHcdVu.jpeg
Click to expand...
Good job this quarter. Looks like they made roughly 13% net profit margin (313/2321) while last years quarter was a dumpster fire losing about -33% (-585/1739)
 
Last edited:
ChorizoPicozo said:
that seems like a lot... right?
Click to expand...
Kilau said:
That's what, half the people in the credits for an Asscreed game?
Click to expand...
Tiamat2san said:
Approximately 1000 between october 23 and February 24.

I saw that on a video about the video game industry.
Click to expand...
username12 said:
Shedding all the people they hired because the laptop class had to go back to work.
Click to expand...

They reduced their headcount in 1700, which doesn't mean they fired 1700 people.

They had a program to reduce the workforce across several years without having a huge layoff: They renewed less people with temporary contracts, hired less new people, got less contractors for new projects, compensated early retirements, managed to relocate people instead of firing them, etc.

As I remember the workers have 3 representatives in the board of directors.

rofif said:
How many people were laid off last week when Microsoft closed their studios?
Click to expand...
We don't know it.

Oppoi said:
Is this whole woke push just an excuse for massive cutbacks?
Click to expand...
No, as I remember the woke guidelines at Ubisoft were set around when the first The Division was under development (I was working there back then).

Cutbacks in game publishers are because the game market did stop growing and kept flat for the last couple of years, and the AAA budgets skyrocket every generation unlike the revenue they generate. So they had to cut the fact to be more profitable with less costs.

Specially a company specially bloated as Ubisoft is. Ubisoft has way, way more workers than other publishers who generate similar revenue (and unlike Ubi are more profitable). If there is a big publisher that since many years ago had to reduce its workforce and optimize their workflow and productivity/profitability is Ubisoft.
 
Last edited:
Yeah, really don't care about net bookings as a bait headline.
Revenue is up and expenses are WAY down comparatively so they went from a a pretty big loss to a decent net positive year over year.
Nothingburger headline.
Ubisoft can still eat my ass.
 
You must log in or register to reply here.

Similar threads

Ubisoft revenues decline 31.4% to €990m (firm also experienced a 51.8% drop in net bookings during its 3rd quarter)
Business  2
58
4K
ZVWQP-9B8TM-VH9CT replied
Members of PlayStation UI Team Laid Off
2 3 4
155
11K
Nemesisuuu replied
Clair Obscur: Expedition 33’ May Be The Highest User-Scored Game Ever
Community  2
62
166
SupaComputa replied
VGC: Assassin’s Creed Shadows is the series’ 2nd highest day 1 revenue (best ever PlayStation store day 1 result for Ubisoft; PC 27% activation)
Sales-Age  4 5 6 7 8
365
14K
sachos replied
Marvel Rivals director and a bunch of staff laid off according to reports
2 3
140
8K
Lambogenie replied
Top Bottom