Why are people leaving Ubisoft?

Interviews with a dozen current and former Ubisoft developers cite a range of factors for the departures, including low pay, an abundance of competitive opportunities, frustration at the company's creative direction, and unease at Ubisoft's handling of a workplace misconduct scandal that flared in mid-2020.

Why is Ubisoft struggling?

For the past few years, Ubisoft has been consistently plagued by internal issues involving alleged misconduct at the highest levels and struggles to grow company sales and live services beyond breadwinners like its “Assassin's Creed” franchise and “Tom Clancy's Rainbow Six Siege.”

Why are people upset with Ubisoft?

In allegations against Maxime Beland, one of the co-founders of Ubisoft Toronto, a female employee claimed he strangled her at a work party. The allegation was just the start of a movement that Ubisoft activists refer to as a toxic culture.

What is going on with Ubisoft?

Ubisoft's Project Q has now been reportedly cancelled. The PvP battle arena game was announced less than a year ago in April 2022. They've already delayed Skull and Bones six times now and the recent comments by CEO Yves Guillemot haven't helped.

Why is Ubisoft shutting down?

1 September 2022 Ubisoft is suspending online services for 15 older games (2009-2013) to focus resources on supporting and developing newer and more popular games.

What The HELL IS Happening With Ubisoft?

Is Ubisoft going under?

Investors view Ubisoft as a potential takeover target. Its share price sank more than 38% in 2022, wiping off 3 billion euros from the company's market value. In September, Tencent upped its stake in the company in a deal that made the Chinese tech giant Ubisoft's largest shareholder.

Is Ubisoft doing well?

With the industry seeing increased consolidation, Ubisoft is viewed by analysts as a potential takeover target. Its share price sank more than 38% in 2022, erasing 3 billion euros from the company's market value. Meanwhile, internal scandals have also haunted the company.

Is Ubisoft still making games?

Despite its ongoing struggles, Ubisoft continues to focus on producing new entries in its stable of established franchises — Assassin's Creed, Tom Clancy, and Far Cry, to name a few — while intermittently experimenting with new franchises like Immortals Fenyx Rising and Riders Republic.

Why did Assassin's Creed stop multiplayer?

“Closing the online services for some older games allows us to focus our resources on delivering great experiences for players who are playing newer or more popular titles,” Ubisoft's help page reads.

How is Ubisoft doing financially?

Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022. The maker of the Assassin's Creed franchise reported on Thursday net bookings of 726.9 million euros ($776.2 million) in its third quarter to the end of December, in line with its forecast.

What is Ubisoft turnover rate?

LinkedIn reports Ubisoft's attrition rate is 12%, according to data supplied by Ubisoft.

What game did Ubisoft cancel?

Ubisoft has not had the best press lately with the French games giant confirming the cancellation of three unannounced projects, delaying Skull & Bones, and one of its offices calling for strike action over recent remarks made by CEO Yves Guillemot today.

Who will purchase Ubisoft?

Tencent and the Guillemot family will now control up to 29.9 percent of Ubisoft. Tencent can now buy up to 9.99 percent of Ubisoft shares directly. Tencent cannot increase its stake for eight years, cannot sell its shares for five years, and will give the Guillemot family first dibs if it does sell.

Is Ubisoft removing games from Steam?

And Anno 1800 is actually coming back to Steam after previously having been removed — it's from 2019. But it's no secret that Ubisoft pulled games from Steam to make them exclusive to the Epic Games Store instead, which famously gave publishers millions to attract games to that rival platform.

Is Ubisoft undervalued?

Of the 51 video game stocks in this index, only six are covered by Morningstar analysts, and all of these were undervalued as of 2 February 2023. The most undervalued video game stock is Ubisoft, an entertainment developer, trading at a 46% discount to Morningstar's fair value estimate.

What is Ubisoft biggest game?

Will Ubisoft back to Steam?

Ubisoft games is returning to Steam after a three-year absence, beginning with the upcoming release of Assassin's Creed Valhalla on the storefront.

What's the most successful Ubisoft game?

Is Activision bigger than Ubisoft?

Activision's brand is ranked #157 in the list of Global Top 1000 Brands, as rated by customers of Activision. Their current market cap is $74.02B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

What company owns Assassin's Creed?

Assassin's Creed is an open-world, action-adventure, and stealth game franchise published by Ubisoft and developed mainly by its studio Ubisoft Montreal using the game engine Anvil and its more advanced derivatives.

Is Ubisoft ending Assassin's Creed?

Is Ubisoft losing money?

Summary. Ubisoft now anticipates an FY 2022 operating loss of approximately €500 million, as compared to a €400 million profit predicted in less than 3 months.

Is working at Ubisoft fun?

Great company! Great environment with many employee perks! People are welcoming and make you feel at ease. There is always someone willing to help you when needed.

Did Far Cry 6 sell well?

Sales. The PlayStation 4 version of Far Cry 6 was the second bestselling retail game during its first week of release in Japan, with 34,219 physical copies being sold. The Playstation 5 version sold 16,686 physical copies in Japan throughout the same week, making it the third bestselling retail game in the country.