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73 Ubisoft's share price plummets following internal restructure announcement, pivot to heavier use of AI — Developer falls below $1 billion EUR market cap amidst game cancellations and layoffs

Tom's Hardware
Tom's Hardware · today 09:12 EDT

Ubisoft's share price plummets following internal restructure announcement, pivot to heavier use of AI — Developer falls below $1 billion EUR market cap amidst game cancellations and layoffs

Ubisoft just announced a massive internal restructuring that involves gutting the company of a few studios and cancelling six games, including a Prince of Persia remake. The news caused Ubisoft's stock price to fall to a historic low, wiping hundreds of millions off its market cap, reducing the company's worth to less than a billion Euros.

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