The latest restructuring: studios closed, hundreds of roles at risk

• Studio closures: Ubisoft Winnipeg, a roughly 65-person office that opened in 2018, was fully shuttered. Ubisoft Belgrade was also closed .
• Job cuts at Barcelona and publishing: Ubisoft Barcelona was scaled back to focus exclusively on the Rainbow Six franchise, and cuts hit the global publishing division .
• Scale of the layoffs: In total, up to 380 roles were at risk, representing roughly 2.3% of Ubisoft's then-reported workforce . One outlet noted roughly 680 Ubisoft jobs had been eliminated in the first half of 2026 across all restructuring rounds .
• Broader context: This June event followed a "major company reset" announced in January 2026 under a €200 million cost-saving mandate that canceled six games, delayed seven, and closed two studios . CEO Yves Guillemot framed the moves as necessary to create a more focused and sustainable business .

The Project OVR crisis: a Ghost Recon title in turmoil

• Internal alpha failure: According to a leaked internal memo, Project OVR—the next mainline Ghost Recon game—failed to meet its internal alpha objectives .
• Root causes: Anonymous employees cited "unrealistic deadlines and poor planning and management" as the primary issues . The project's leadership reportedly ignored feedback from Ubisoft's Paris headquarters, further compounding the problems .
• Executive intervention: Ubisoft installed Bruno Galet as senior producer and brought in VP of Production Jean-Baptiste Duval and VP of the Global Creative Office Julien Sansalone to take over day-to-day leadership of the project .
• Possible outcomes: Insider Gaming's sources described staff as "bracing for impact" and reported internal rumors that the game may face a "full reboot" or "direct cancellation" if circumstances don't improve .
• Timeline doubts: The game was originally targeting an internal alpha in late 2025, with a possible fall 2026 or 2027 release—targets many inside the company now doubt are achievable .

Far Cry 7 and the wider pipeline pressure

• Far Cry 7 struggles: Sources described the next mainline Far Cry entry as experiencing significant technical and creative instability, and a Hebrew-language report from March 2026 indicated that its official launch was expected only in the second half of 2028 .
• Industry insider reporting: Tom Henderson of Insider Gaming characterized the state of Ubisoft's Far Cry and Ghost Recon projects as "abysmal," suggesting deep-rooted production issues across the two key franchises .
• Assassin's Creed pipeline: While Ubisoft confirmed new Assassin's Creed projects are in development, the franchise is not immune to the broader company reset. Several games have already been delayed, and the overall capacity to deliver on the 2029 roadmap is under strain from headcount reductions and shifting priorities .

Why the March 2029 release plan is now in doubt

Ubisoft's financial reports have stated that new installments of Ghost Recon, Far Cry, and Assassin's Creed are scheduled for release by March 2029 . However, several factors now make that plan look optimistic at best:

• Ghost Recon may not survive: The Project OVR situation is so dire that a full project reboot—or cancellation—is actively discussed internally. A reboot would push any release date years beyond previous estimates .
• Far Cry 7 timeline is slipping: Multiple reports indicate the game is already running significantly behind schedule, with one source pointing to a launch no earlier than the second half of 2028 .
• Reduced development capacity: Losing hundreds of staff across six restructuring rounds in 2026—and shuttering entire studios—directly undercuts the workforce needed to develop and ship three AAA titles in a confined window .
• Leadership bandwidth: Top production and creative executives have been reassigned to crisis-manage Project OVR, pulling attention and oversight away from the broader roadmap .
• Willingness to cancel: The January 2026 reset already saw six games canceled and seven delayed, signaling that Ubisoft's leadership is prepared to kill projects that don't meet quality or financial thresholds rather than push them to market .

Taken together, the scale of the layoffs, the severity of the Ghost Recon alpha failure, and the ongoing production instability on Far Cry paint a picture of a company that is unlikely to hit its March 2029 target for all three franchises without further delays, scope reductions, or outright project cancellations.

The latest restructuring: studios closed, hundreds of roles at risk

• Studio closures: Ubisoft Winnipeg, a roughly 65-person office that opened in 2018, was fully shuttered. Ubisoft Belgrade was also closed .
• Job cuts at Barcelona and publishing: Ubisoft Barcelona was scaled back to focus exclusively on the Rainbow Six franchise, and cuts hit the global publishing division .
• Scale of the layoffs: In total, up to 380 roles were at risk, representing roughly 2.3% of Ubisoft's then-reported workforce . One outlet noted roughly 680 Ubisoft jobs had been eliminated in the first half of 2026 across all restructuring rounds .
• Broader context: This June event followed a "major company reset" announced in January 2026 under a €200 million cost-saving mandate that canceled six games, delayed seven, and closed two studios . CEO Yves Guillemot framed the moves as necessary to create a more focused and sustainable business .

The Project OVR crisis: a Ghost Recon title in turmoil

• Internal alpha failure: According to a leaked internal memo, Project OVR—the next mainline Ghost Recon game—failed to meet its internal alpha objectives .
• Root causes: Anonymous employees cited "unrealistic deadlines and poor planning and management" as the primary issues . The project's leadership reportedly ignored feedback from Ubisoft's Paris headquarters, further compounding the problems .
• Executive intervention: Ubisoft installed Bruno Galet as senior producer and brought in VP of Production Jean-Baptiste Duval and VP of the Global Creative Office Julien Sansalone to take over day-to-day leadership of the project .
• Possible outcomes: Insider Gaming's sources described staff as "bracing for impact" and reported internal rumors that the game may face a "full reboot" or "direct cancellation" if circumstances don't improve .
• Timeline doubts: The game was originally targeting an internal alpha in late 2025, with a possible fall 2026 or 2027 release—targets many inside the company now doubt are achievable .

Far Cry 7 and the wider pipeline pressure

• Far Cry 7 struggles: Sources described the next mainline Far Cry entry as experiencing significant technical and creative instability, and a Hebrew-language report from March 2026 indicated that its official launch was expected only in the second half of 2028 .
• Industry insider reporting: Tom Henderson of Insider Gaming characterized the state of Ubisoft's Far Cry and Ghost Recon projects as "abysmal," suggesting deep-rooted production issues across the two key franchises .
• Assassin's Creed pipeline: While Ubisoft confirmed new Assassin's Creed projects are in development, the franchise is not immune to the broader company reset. Several games have already been delayed, and the overall capacity to deliver on the 2029 roadmap is under strain from headcount reductions and shifting priorities .

Why the March 2029 release plan is now in doubt

Ubisoft's financial reports have stated that new installments of Ghost Recon, Far Cry, and Assassin's Creed are scheduled for release by March 2029 . However, several factors now make that plan look optimistic at best:

• Ghost Recon may not survive: The Project OVR situation is so dire that a full project reboot—or cancellation—is actively discussed internally. A reboot would push any release date years beyond previous estimates .
• Far Cry 7 timeline is slipping: Multiple reports indicate the game is already running significantly behind schedule, with one source pointing to a launch no earlier than the second half of 2028 .
• Reduced development capacity: Losing hundreds of staff across six restructuring rounds in 2026—and shuttering entire studios—directly undercuts the workforce needed to develop and ship three AAA titles in a confined window .
• Leadership bandwidth: Top production and creative executives have been reassigned to crisis-manage Project OVR, pulling attention and oversight away from the broader roadmap .
• Willingness to cancel: The January 2026 reset already saw six games canceled and seven delayed, signaling that Ubisoft's leadership is prepared to kill projects that don't meet quality or financial thresholds rather than push them to market .

Taken together, the scale of the layoffs, the severity of the Ghost Recon alpha failure, and the ongoing production instability on Far Cry paint a picture of a company that is unlikely to hit its March 2029 target for all three franchises without further delays, scope reductions, or outright project cancellations.