Ubisoft Revenue Rises 33.5% While Cutting 1,700 Jobs

Ubisoft's revenue jumped 33.5 percent between fiscal 2023 and 2024 even as the company cut over 1,700 employees. The timing suggests deliberate cost-cutting, not crisis: Ubisoft is concentrating resources on fewer major projects while shedding costs across its wider portfolio. The pattern echoes post-pandemic hiring corrections spreading through the games industry.