Ubisoft Entertainment (UBI) to Implement Job Cuts at Trials Developer RedLynx
Layoffs at RedLynx: Ubisoft plans to lay off 60 employees at RedLynx, the developer of the Trials series, as part of a strategy to simplify operations and reduce costs. Negotiations regarding these layoffs will begin on October 30 and conclude by the end of November.
Future of RedLynx: Despite the layoffs, RedLynx will continue to develop games, with management expressing confidence in the studio's future role within Ubisoft, particularly in enhancing mobile and multi-platform capabilities.
Stock Performance: Ubisoft's stock saw a slight increase of 0.17% but remains down 37.57% year-to-date and 40.55% over the past year, largely due to disappointing game releases in 2025.
Analyst Ratings: The consensus rating for Ubisoft stock is "Hold," with an average price target of €10, indicating a potential upside of 21.8% for investors.
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