Ubisoft has propose 200 job cuts at its Paris, France headquarters, representing approximately 18% of staff at the location, as part of a broader company overhaul announced last week.

According to a report from VGC, the job cuts are being proposed through a process called Rupture Conventionnelle Collective (RCC), which is a voluntary mutual termination agreement used by French companies. This means the cuts would require both union approval and validation from French authorities before becoming final. The proposal only affects Ubisoft International employees who have French contracts and does not impact other French entities or Ubisoft teams in other countries.

A Ubisoft spokesperson explained: “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.” Last week, the Assassin’s Creed publisher announced a significant restructuring plan it calls a “major company reset.” The changes include splitting development teams into independent “creative houses” and refocusing the Paris headquarters on governance, strategic planning, and managing company resources.

As part of these changes, Ubisoft has cancelled six games, delayed seven others, and closed two studios. The company aims to reduce its fixed costs by an additional €200 million over the next two years.

Yves Guillemot, founder and CEO of Ubisoft, stated: “Ubisoft is entering a new phase – one designed to reclaim creative leadership and build value for players and stakeholders over the long term.” Recently, Ubisoft’s stock price has dropped sharply following the announcement. The share price fell from €6.64 at the time of reporting, a decline of more than one-third of its value.