Ubisoft Posts 33.5% Revenue Growth While Cutting 1,700 Jobs Since 2022

Ubisoft's net bookings rose 33.5 percent between fiscal 2023 and 2024 even as the company reduced headcount by over 1,700 employees between September 2022 and March 2024. The timing reveals a deliberate margin recalibration rather than financial crisis: the publisher is concentrating resources on fewer, larger bets while eliminating support costs for a wider portfolio. The pattern reflects post-pandemic over-hiring corrections rippling through the games industry.