tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

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.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1