Ubisoft Shake-Up: Layoffs, Studio Closures Begin in Major Reorg; Six Games Canceled, Including ‘Prince of Persia’ Remake

Following weeks of speculation, Ubisoft announced a major reorganization that includes layoffs, studio closures, and the cancellation of six games, including the 'Prince of Persia: The Sands of Time' remake. The restructuring aims to streamline operations into five 'Creative Houses' focused on specific genres, with enhanced quality benchmarks and long-term value creation as priorities.