Ubisoft Layoffs January 2026

The Covenant Breach Ubisoft Didn't Want You to Notice

January 21: Ubisoft canceled six games, closed two studios, and announced more layoffs. Everyone focused on Prince of Persia. The actual story was buried on page 19 of their November earnings: they breached debt covenants in September, erased €314 million from the books, and Tencent's billion euros saved them from insolvency.