Ubisoft closing studios in Winnipeg and Belgrade and cutting publishing roles worldwide, 380 jobs at risk

Ubisoft has started another round of restructuring, and this one hits both production and publishing. According to GamesIndustry.biz sources, the company is closing its Winnipeg and Belgrade studios, while also proposing changes in Barcelona and trimming its global publishing organization. Around 380 roles are understood to be at risk, though the final number may vary by territory as redundancy processes continue.

The Barcelona change is especially telling: Ubisoft is reportedly aiming to focus that studio exclusively on Rainbow Six. That kind of narrowing usually means less flexibility for teams that were previously shared across multiple projects, and it can ripple into staffing, outsourcing, and long-term planning. Local sources said 61 jobs were impacted in Barcelona, but the broader publishing cuts were still being counted.

For context, Ubisoft Belgrade opened in 2016 and had been supporting a range of titles, including Assassin’s Creed Black Flag Resynced and Assassin’s Creed Shadows. Winnipeg opened in 2019 and most recently worked on Rainbow Six Mobile after time on XDefiant. These are not isolated closures; they fit a five-year pattern of cost-cutting, including Ubisoft’s January statement that it was entering a “final” round of cuts aimed at €200 million in savings.

Developers should care because this is less about one bad quarter and more about a publisher reshaping itself around fewer bets. Ubisoft’s latest results showed revenue and net bookings falling sharply, and the company said the current financial year would be a low point for free cash flow because...