Ubisoft has recently undertaken a reorganization which has resulted in the layoff of 124 employees, with 98 from the company's Canadian operations, marking roughly 2% of its workforce in that region. The layoffs primarily affected the business administrative services and IT departments. Ubisoft expressed that these decisions were difficult and is attempting to offer comprehensive support to those impacted, emphasizing the restructuring will not affect production teams.

This move is part of a broader pattern of layoffs at Ubisoft, which previously included shutting down Ubisoft London and reduction of customer service staff. Ubisoft has also canceled or delayed numerous projects, despite a year-over-year increase in quarterly net bookings. Moreover, the company recently ventured into partnership with an NFT firm and released a line of 3D-printed Assassin's Creed NFTs, despite the NFT market's unpopularity within the gaming community.

The article also notes the broader context of industry layoffs touching various companies, including Bungie and CD Projekt. Additionally, Ubisoft faced internal protests over a mandatory return-to-office mandate, which some employees felt was a tactic for soft layoffs, encouraging resignations without severance payouts due to the policy’s unpopularity.

In parallel with the layoff announcement, Ubisoft also launched new Assassin’s Creed NFTs, which are collectible cubes priced at $100, with embedded NFC chips slated to interact with a future app.