Why are so many 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 is Ubisoft underperforming?

Shares of Ubisoft Entertainment SA, the maker of the Assassin's Creed videogame series, plunged Thursday after the French company said its "Mario + Rabbids: Sparks of Hope" and "Just Dance 2023" games underperformed during the holiday season as people spend less time at home than during the pandemic and grapple with ...

Is Ubisoft in financial trouble?

The gaming market is estimated to have shrunk 4.3% in 2022, according to market research firm Newzoo. The company stuck to January's forecast for an operating loss of around 500 million euros in its 2022-23 year. Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022.

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.

What The HELL IS Happening With Ubisoft?

Is Ubisoft killing online support?

If you have fond memories of older Ubisoft games with online components from the early 2010s, you might want to check in on them soon. That's because on September 1st 2022, Ubisoft is dropping support for online services in 15 different games including Assassin's Creed Brotherhood.

Is Ubisoft removing Assassin's Creed?

Ubisoft has removed Assassin's Creed: Liberation HD from Steam as part of a larger online “decommissioning” of several of its titles, most notably on PC. What alarmed owners of the game was a notice by Ubisoft implying that those who purchased it would still lose access in September.

What 3 games did Ubisoft cancel?

The underperformance of Just Dance 2023 and Mario + Rabbids Sparks of Hope was called out as a particular surprise, and a core reason for the company's planned future pivots. 'We are clearly disappointed by our recent performance.

Who owns most of Ubisoft?

What is the decline of Ubisoft?

UBISOFT had a disappointing 2022, and it seems that not giving gamers what they wanted is to blame. The company reported that it saw a 10% decline last year, when a 10% growth was predicted. Four unannounced games were cancelled previously, and a further three were cancelled around the time of the announcement.

Is Ubisoft going broke?

Based on the latest financial disclosure, Ubisoft Entertainment has a Probability Of Bankruptcy of 42.0%. This is 18.64% lower than that of the Communication Services sector and significantly higher than that of the Electronic Gaming & Multimedia industry.

How many people left Ubisoft?

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

How much debt is Ubisoft in?

Total debt on the balance sheet as of September 2022 : $2.16 B. According to Ubisoft's latest financial reports the company's total debt is $2.16 B. A company's total debt is the sum of all current and non-current debts.

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 a buy or sell?

Ubisoft Entertainment has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 4 buy ratings, 5 hold ratings, and 2 sell ratings.

What games has Ubisoft canceled?

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.

Is Ubisoft bigger than Rockstar?

Rockstar Games's brand is ranked #27 in the list of Global Top 100 Brands, as rated by customers of Rockstar Games. Their current valuation is $20.75B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

Does Ubisoft pay well?

The average Ubisoft salary ranges from approximately $38,524 per year for Quality Assurance Tester to $124,119 per year for Senior Project Lead. Average Ubisoft hourly pay ranges from approximately $10.20 per hour for Quality Assurance Tester to $35.90 per hour for Senior Data Modeler.

Why did Ubisoft drop?

Ubisoft stated that its recent launches have not performed as well as expected and pointed at the “worsening macroeconomic conditions” as another driver of the cancellations. Furthermore, the company lowered its estimated operating income for 2023 by $1 billion and introduced its 2023-24 targets.

Who are rivals of Ubisoft?

Ubisoft competitors include Niantic, Twitch, Gameloft, Activision and Bandai Namco. Ubisoft ranks 1st in Customer Net Promoter Score on Comparably vs its competitors.

Will Ubisoft go back to Steam?

Ubisoft is the latest publisher to return to leading PC games marketplace Steam after a period of focusing on other stores. As spotted by Eurogamer, the company has created a Steam page for Assassin's Creed: Valhalla, the 2020 entry in Ubisoft's flagship series. It will release on December 6.

Do you keep Ubisoft games forever?

When your subscription ends or gets cancelled, the game will become unavailable. Your in-game purchases will remain linked to your account, and you will be able to access them again if you buy the game on the Ubisoft Store, or re-subscribe to Ubisoft+.

Which developers are leaving Ubisoft?

Multiple key developers at Ubisoft have been confirmed to have left the company this year. This includes chief studios operating officer Virginie Haas, Far Cry executive producer Dan Hay, and Assassin's Creed art director Raphael Lacoste.

Is Assassin's Creed a flop?

The film underperformed at the box office, grossing $240 million worldwide against its $125 million budget.

What is the Ubisoft Assassin's Creed scandal?

Catch up quick: Since the summer of 2020, the publisher of Assassin's Creed and Just Dance has faced allegations of sexual misconduct and toxic management at multiple Ubisoft studios. Several top managers accused of misconduct soon exited the company, though with little official acknowledgment as to why.