Ubisoft announces restructuring proposal at RedLynx unit

Ubisoft (UBSFY) announced a restructuring proposal for RedLynx as part of the company’s global efforts to simplify, reduce costs, and ensure a stronger prioritization and efficiency across the company’s worldwide studio network. Before making a decision on the proposal, Ubisoft RedLynx will negotiate the matter with its staff in collective negotiations. The collective negotiations primarily concern the production and administration teams. They do not concern the technology team working on Ubisoft’s Snowdrop game engine. The negotiations are scheduled to begin on October 30 and are expected to conclude toward the end of November. If materialized, this proposal would result in the reduction of maximum 60 positions.