French video game developer Ubisoft is reportedly closing its Leamington office in the UK and restructuring its Ubisoft Düsseldorf, Ubisoft Stockholm and Newcastle upon Tyne’s Ubisoft Reflections operations.

The news, first reported by the website Eurogamer, is part of the company's efforts to cut costs and prioritise product strategy in an attempt to bolster stability and will impact 185 employees.

"As part of our ongoing efforts to prioritise projects and reduce costs that ensure long-term stability at Ubisoft, we have announced targeted restructurings at Ubisoft Düsseldorf, Ubisoft Stockholm and Ubisoft Reflections and the permanent closure of Ubisoft Leamington site," a Ubisoft spokesperson confirmed in a statement to the website. "Unfortunately, this should impact 185 employees overall. We are deeply grateful for their contributions and are committed to supporting them through this transition."The Ubisoft offices in Düsseldorf (formerly Blue Byte), Stockholm and Ubisoft Reflections in Newcastle will also undergo restructuring, with more employees likely to be laid off.

According to the latest earnings report, the company reduced the total number of employees worldwide from 19,410 at the end of September 2023 to 18,666 at the end of September 2024. This represents a decrease of more than 2,000 in 24 months.

In December, Ubisoft announced the closure of its San Francisco and Osaka studios and the reduction of operations at the Sydney office, resulting in the dismissal of around 300 employees.

The video game company is known for creating and publishing a wide range of popular games including Assassin’s Creed, Just Dance, Rainbow Dance, Six, Far Cry, and  Watch Dog. It also offers a service called Ubisoft Connect, which allows players to access their games, chat with friends, earn rewards, and enjoy cross-play and cross-progression features across different platforms.

Over the past decade, the Assassin’s Creed franchise has generated around €4 billion, Rainbow Six Siege has generated over €3.5 billion and Far Cry has topped around €2 billion, with six brands from the company having surpassed €1 billion in consumer spending, according to the firm’s latest earnings report.

Despite this, Ubisoft has been facing some significant challenges recently. The company reported a loss of €271.8 million for the first half of the fiscal year 2024-25 and is dealing with around €1 billion in debt according to its 2024-2025 first-half earnings report.

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