Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

Ubisoft Lays Off 40 at Toronto Studio in Restructuring

Published 20 February 2026

Ubisoft has laid off approximately 40 employees at its Toronto studio, representing about 8 percent of the workforce there, as part of an ongoing global cost-saving initiative. The move, confirmed by the company on Thursday, affects one of its largest development teams but will not halt production on the long-awaited remake of the stealth game Splinter Cell.

The layoffs stem from Ubisoft's multiyear restructuring efforts, which aim to streamline operations and reduce fixed costs by an additional 200 million euros over the next two years. In a statement to media outlets, a Ubisoft spokesperson said, "This decision was not taken lightly and does not in any way reflect the talent, dedication, or contributions of the individuals affected. Our priority now is to support them through this transition with comprehensive severance packages and robust career placement assistance." An internal email obtained by reporters further indicated that the Toronto studio will continue as a key contributor to codevelopment projects, including support for the Rainbow Six series, alongside ongoing work on the Splinter Cell remake.

The Splinter Cell project, first announced in 2021, is being rebuilt...

Now playing
0:00 / 0:00