# Ubisoft layoffs and restructuring amid Black Flag success > Live situation record from CLSTR: https://clstr.news/situations/ubisoft-announces-costcutting-targets-and-later-warns-of-weak-bookings-triggering-a-sharp-share-decl > Updated: 2026-08-06T08:40:32.000Z. Sources: 180. Developments: 19. Ubisoft’s remastered Assassin’s Creed Black Flag Resynced launched on 9 July 2026, selling 2 million copies in its first 24 hours and 3.5 million units in two weeks, setting a franchise‑wide Steam concurrent‑player record and generating roughly $35 million in Steam revenue. The strong launch was highlighted by CEO Yves Guillemot as “encouraging” for the company’s transformation, while fans called for a true sequel. The success came as Ubisoft pursued a broad restructuring. In April the firm announced a €1.25 billion cost‑target for March 2028 and projected €1.5 billion net bookings for 2026. The fiscal year to March 2026 recorded a record operating loss of €1.3‑1.5 billion, a 17 % drop in net bookings and an 8‑9 % revenue decline forecast for the next year. Around 1,200 jobs were cut, bringing staff to roughly 16,600 worldwide. Further measures in June included the closure of the Winnipeg (Canada) and Belgrade (Serbia) studios and up to 380 additional layoffs, affecting the Barcelona studio (51 jobs) and other locations. The Barcelona workforce staged partial strikes in late June and early July, demanding rehiring, a five‑year lay‑off guarantee and remote‑work provisions. A three‑year franchise revival plan was unveiled, focusing on Assassin’s Creed, Far Cry and Ghost Recon, though development crises hit the upcoming Ghost Recon and Far Cry projects, prompting senior producer interventions. Ubisoft expects the cost‑saving programme and the profitability of remakes like Black Flag Resynced to stabilise cash flow and return to profitability by fiscal 2027‑28. ## Timeline ### 2026-08-06: SD Games unveils three board games; Assassin's Creed Black Flag Resynced tops July sales in Spain SD Games will launch three board games on 20 August, while Assassin's Creed Black Flag Resynced led July video‑game sales in Spain, according to GAME. 2 sources. https://clstr.news/cluster/sd-games-unveils-three-board-games-assassins-creed-black-flag-resynced-tops-july-sales-in-spain ### 2026-07-26: Ubisoft's Assassin's Creed Black Flag Resynced sells 3.5 million units in two weeks Ubisoft’s Black Flag Resynced remake shipped 3.5 million copies in two weeks, beating annual targets and prompting executives to tout remakes as highly profitable, while fans call for a true sequel. 14 sources. https://clstr.news/cluster/ubisofts-assassins-creed-black-flag-resynced-sells-35-million-copies-in-two-weeks ### 2026-07-13: Ubisoft Barcelona faces 51 layoffs despite Black Flag Resynced's record launch Black Flag Resynced sold 2 million copies, set Steam records and earned $1 M from DLC, but Ubisoft Barcelona will cut 51 jobs, prompting strikes. 32 sources. https://clstr.news/cluster/ubisoft-barcelona-layoffs-follow-recordbreaking-assassins-creed-black-flag-resynced-launch ### 2026-07-11: Assassin's Creed Black Flag Resynced sells 2 million copies on launch, sets Steam record Assassin's Creed Black Flag Resynced launched on 9 July 2026, selling 2 million copies day‑one, breaking Steam concurrency records and sparking micro‑transaction backlash. 23 sources. https://clstr.news/cluster/ubisofts-assassins-creed-black-flag-resynced-sells-2-million-copies-on-launch-day-1 ### 2026-07-08: Assassin’s Creed Black Flag Resynced sells 2 million copies, hits Steam record Assassin’s Creed Black Flag Resynced sold 2 million copies on day one, set a Steam concurrent‑player record, earned high critic scores, faced mixed user reviews over DLC, and prompted Ubisoft layoffs. 83 sources. https://clstr.news/cluster/ubisoft-barcelona-layoffs-coincide-with-assassins-creed-black-flag-resynced-launch ### 2026-06-30: Ubisoft Barcelona staff strike over 51 layoffs Ubisoft’s Barcelona studio is striking on Tuesdays and Thursdays from June 30 to mid‑July after a plan to lay off 51 workers, demanding job security, reinstatement, remote‑work and promotion guarantees. 4 sources. https://clstr.news/cluster/ubisoft-barcelona-staff-strike-over-51-layoffs ### 2026-06-28: Ubisoft Barcelona studio workers launch strike over 51 layoffs Ubisoft Barcelona plans to lay off 51 staff; workers will strike six times between June 30 and July 16, demanding job security, hybrid remote work, and salary improvements. 2 sources. https://clstr.news/cluster/ubisoft-barcelona-studio-workers-launch-strike-over-51-layoffs ### 2026-06-15: Ubisoft launches final free update for Assassin’s Creed Shadows Ubisoft’s final free patch for Assassin’s Creed Shadows (16 Jun 2026) adds the “Black Tides” story finale, the “Domains” end‑game mode, new Rift “Horizon” and crossover projects linking to Black Flag Resynced,‑ 22 sources. https://clstr.news/cluster/ubisoft-rolls-out-free-assassins-creed-shadows-update-with-final-mission-and-black-flag-crossover ### 2026-06-14: Ubisoft cuts 380 jobs, closes Winnipeg and Belgrade studios Ubisoft will cut about 380 jobs, close its Winnipeg and Belgrade studios, and trim staff in Barcelona and San Francisco as it refocuses on core franchises like Rainbow Six. 2 sources. https://clstr.news/cluster/ubisoft-cuts-380-jobs-closes-winnipeg-and-belgrade-studios ### 2026-06-12: Ubisoft's Ghost Recon and Far Cry projects hit by development crisis and layoffs Ubisoft has placed senior staff on its troubled Ghost Recon and Far Cry sequels after missed Alpha targets, citing unrealistic deadlines, mismanagement and looming layoffs affecting up to 380 jobs. 4 sources. https://clstr.news/cluster/ubisofts-ghost-recon-and-far-cry-projects-hit-by-development-crisis-and-layoffs ### 2026-06-11: Ubisoft shuts Winnipeg studio, laying off 65 employees Ubisoft closed its Winnipeg studio, cutting 65 jobs, and also shuttered Belgrade while refocusing Barcelona on Rainbow Six, part of a global restructuring to save €200 million. 2 sources. https://clstr.news/cluster/ubisoft-shuts-winnipeg-studio-laying-off-65-employees ### 2026-06-10: Ubisoft rolls out final Assassin's Creed Shadows patch and announces major layoffs Ubisoft released the final Assassin's Creed Shadows patch on June 16, hinting at a Black Flag remake, while announcing the closure of its Winnipeg and Belgrade studios and layoffs affecting up to 380 employees. 2 sources. https://clstr.news/cluster/ubisoft-releases-final-assassins-creed-shadows-update-slashes-400-jobs ### 2026-06-10: Ubisoft cuts 380 jobs and shuts Winnipeg studio amid restructuring Ubisoft is laying off 380 staff, closing its Winnipeg studio and cutting teams in Barcelona and Belgrade as part of a restructuring after a €1.3 billion loss. 2 sources. https://clstr.news/cluster/ubisoft-cuts-380-jobs-and-shuts-winnipeg-studio-amid-restructuring ### 2026-06-10: Ubisoft to close Winnipeg and Belgrade studios, cut up to 380 jobs Ubisoft will shut its Winnipeg and Belgrade studios and restructure Barcelona, affecting up to 380 jobs as part of a €200 million cost‑saving plan. 15 sources. https://clstr.news/cluster/ubisoft-to-close-winnipeg-and-belgrade-studios-and-cut-up-to-380-jobs ### 2026-05-29: Ubisoft reports record €1.3 billion loss for FY2025‑26 and unveils three‑year franchise revival plan Ubisoft posted a €1.3 billion loss and 21.8% revenue drop for FY2025‑26, cut 1,200 jobs, and aims to revive Assassin’s Creed, Far Cry and Ghost Recon with new releases by 2029. 2 sources. https://clstr.news/cluster/ubisoft-reports-record-13-billion-loss-for-fy202526-and-unveils-threeyear-franchise-revival-plan ### 2026-05-21: Ubisoft reports €1.5 bn loss, pushes profit recovery to 2027/28 Ubisoft posted a €1.5 bn net loss for FY 2025/26, cuts jobs and delays profit target to 2027/28 amid restructuring and a Tencent investment. 4 sources. https://clstr.news/cluster/ubisoft-reports-15-bn-loss-pushes-profit-recovery-to-202728 ### 2026-05-20: Ubisoft trims more than 1,200 jobs amid ongoing restructuring Ubisoft cut over 1,200 jobs, dropping to 16,590 staff, and will keep restructuring to hit €1.25 bn cost target by 2028. 2 sources. https://clstr.news/cluster/ubisoft-trims-more-than-1200-jobs-amid-ongoing-restructuring ### 2026-05-20: Ubisoft reports record loss and warns of continued profit decline Ubisoft posted a €1.3 bn loss, warned of continued profit decline and saw shares tumble 15‑16% after restructuring cuts and a weak outlook. 8 sources. https://clstr.news/cluster/ubisoft-shares-tumble-as-202627-outlook-falls-short-of-forecasts ### 2026-04-21: Ubisoft outlines €1.25B cost target through 2028 amid restructuring Ubisoft targets €1.25B cost cuts by 2028 and €1.5B in net bookings for 2026; stock trades around €5 amid restructuring. 2 sources. https://clstr.news/cluster/ubisoft-outlines-125b-cost-target-through-2028-amid-restructuring --- Cite as: Ubisoft layoffs and restructuring amid Black Flag success. CLSTR, https://clstr.news/situations/ubisoft-announces-costcutting-targets-and-later-warns-of-weak-bookings-triggering-a-sharp-share-decl