Assassin's Creed studio Ubisoft returns with more bad news, proposing "voluntary" layoffs that could cut up to 200 people at its France location [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
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Source: Yahoo! Finance
After a week of terrible news about Ubisoft game cancellations and delays, the company has announced it's exploring eliminating 200 roles at its Paris headquarters through a "voluntary mutual termination agreement." In a statement sent to GamesRadar+, Ubisoft says that this "remains a proposal" – at least for the time being. "In line with last week's announcements on its new operating model and the acceleration of cost-reduction initiatives, Ubisoft International has initiated discussions regarding a potential Rupture Conventionnelle Collective (RCC), a collective, voluntary mutual termination agreement that could involve up to 200 positions at its headquarters in France," it begins. "At this stage, this remains a proposal, and no decision will be final until a collective agreement is reached with employee representatives and validated by French authorities. The proposal applies exclusively to Ubisoft International employees under French contracts and has no impact on other Frenc
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