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PARIS: French video game group Ubisoft said on Wednesday (Oct 14) that it planned to close a studio in Finland and cut 70 jobs in Singapore as it tries to return to profitability.<\/p>\n
“Today we have informed our teams of a proposal to close RedLynx in Finland,” the company said, confirming a report by Video Games Chronicle.<\/p>\n
The company is behind popular action-adventure franchises including Assassin’s Creed, Far Cry and Watch Dogs.<\/p>\n
Ubisoft had already announced dozens of job cuts at the studio last year in a bid to refocus it on mobile games. It had over 150 employees in 2021.\u00a0<\/p>\n
In Singapore, 70 jobs will be cut, though the local studio “remains an important element” of Ubisoft’s global operation, the company said.\u00a0<\/p>\n
The subsidiary recently worked on Assassin’s Creed Black Flag Resynced, a hit title released in July that has sold more than 3.5 million copies.\u00a0<\/p>\n
But since January, the company has been slashing costs to return to profit, after posting in May a net loss of 1.5 billion euros (US$1.68 billion) for its 2025-26 financial year.<\/p>\n
It aims for at least 200 million euros in spending cuts in two years, on top of 300 million already targeted in recent years.<\/p>\n<\/div>\n
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PARIS: French video game group Ubisoft said on Wednesday (Oct 14) that it planned to close a studio in Finland and cut 70 jobs in…<\/p>\n","protected":false},"author":1,"featured_media":93098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Sff6y245--\/c_crop,h_449,w_799,x_1,y_40\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2024-04:reuters_1,w_0.1\/f_auto,q_auto\/v1\/one-cms\/core\/2026-07-23T154731Z_1_LYNXMPEM6M1P1_RTROPTP_3_FRANCE-VIDEOGAMES-PARIS-FAIR.JPG?itok=hOH9_zJm","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[468,1445,11131,1244,22,2770,4163],"class_list":["post-93097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-close","tag-cut","tag-finland","tag-jobs","tag-singapore","tag-studio","tag-ubisoft","wpcat-2-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/93097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93097"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/93097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/93098"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}