Ubisoft Cancels Six Games Amid Major Restructuring

Ubisoft has announced the cancellation of six games, including the anticipated Prince of Persia: Sands of Time Remake, as part of a comprehensive restructuring plan.

The canceled projects encompass two Assassin's Creed mobile titles, a World War II-themed extraction shooter, and two other unannounced projects.

In addition to these cancellations, Ubisoft is delaying seven other projects and closing studios in Halifax, Canada, and Stockholm, Sweden.

CEO Yves Guillemot stated, "On the one hand, the AAA industry has become persistently more selective and competitive with rising development costs and greater challenges in creating brands. On the other hand, exceptional AAA games, when successful, have more financial potential than ever."

The restructuring has led to a significant drop in Ubisoft's share price, which fell by 33% following the announcement.

The company is also implementing a voluntary departure program targeting 200 positions at its French headquarters.

These measures are part of Ubisoft's strategy to refocus its portfolio and improve operational efficiency in a highly competitive gaming market.