Ubisoft shares plummet
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Ubisoft cancels 6 games, including Prince of Persia remake
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After Ubisoft announced studio closures and game cancellations, including the Prince of Persia: Sands of Time remake, its share price has fallen.
The company's announcement of studio closures and game cancellations as it reorganizes set UBSFY stock in a tailspin on Thursday.
Recent cuts at Ubisoft will not be the last. All indications are that over the next two years, the company will get rid of more than two thousand employees.
Ubisoft has confirmed in an interview the first details of its new Creative House structure, the cancellation of six games and the delay of seven more, and a "final" round of cuts to deliver €200 million in savings, including the closure of several studios.
Ubisoft plans to overhaul its internal structure over the coming months and years and significantly revise its release lineup. Intensifying its focus on open-world games, live-service