Ubisoft (UBI) Stock: Restructuring Efforts and Game Cancellations Prompt 33% Dip

TLDR Ubisoft’s stock dropped 33% following organizational changes and the cancellation of six games. The company plans to shut down studios in Halifax and Stockholm, impacting other locations as well. Ubisoft expects cost-cutting measures to save 500 million euros by 2028. The company anticipates a 330 million euro decline in net bookings for the fiscal [...]

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