In a shocking move, gaming titan Ubisoft has announced the closure of two more studios - one in Winnipeg, Canada and another in Belgrade, Serbia. This decision is part of the company's ongoing cost-cutting measures and restructuring plans. The Barcelona studio will now solely focus on the Rainbow Six franchise, having previously supported projects like Rabbids and Star Trek: Bridge Crew. With these latest cuts, up to 380 positions are at risk, further shrinking Ubisoft's global workforce after years of job losses due to declining profits and slowing blockbuster game output. Once employing over 20,000 staff in 2023, the company's current headcount stands at 16,590, a significant drop from earlier this year. The recent wave of layoffs includes 105 employees from Red Storm Entertainment and has led to several studio closures and job losses across various Ubisoft offices worldwide. This turbulent period for Ubisoft started early in 2026 with the cancellation of six games, including the Prince of Persia: Sands of Time remake, and the closure of studios like Ubisoft Stockholm and Ubisoft Halifax. Protests have erupted in Paris over job losses, and there's been controversy about the status of upcoming titles like the Splinter Cell remake. Tom Phillips is IGN's News Editor, reachable at [email protected] or on Bluesky @tomphillipseg.bsky.social.