Ubisoft Stockholm Shutdown, 6 Games Cancelled, More Layoffs Confirmed; Know What Happened

The latest Ubisoft Press Release mentions restructuring its development. They have decided to draw curtains on closing Ubisoft Stockholm, cancelling six games, including Prince of Persia: The Sands of Time Remake, delaying seven titles, and cutting staff across multiple studios.

Development will now operate under five Creative Houses focused on key franchises like Assassin’s Creed, Far Cry, and The Division, prioritising high-impact projects and longer-term support.

Ubisoft Cancelled Games Include Prince of Persia Remake

Currently, six projects have been added to the list of Ubisoft Cancelled Games. The one that has been mentioned publicly is Prince of Persia: The Sands of Time Remake. Developed through delays and a reboot, but now, it has been completely discontinued. Other cuts include three unannounced IPs and one mobile project.

Seven Games Delayed, Including Black Flag Remake

Seven other titles have been postponed, which granted more time for development. Although the company did not mention any specific titles, one game that is generally accepted to be the Assassin's Creed: Black Flag Remake is set for release before March 31, 2026. The game has been moved to the next financial year.

Ubisoft Stockholm Closing Down & Financial Reset Reflects Competitive Pressure

Ubisoft Stockholm will entirely shut down, which will add to the already significant internal team impact of Ubisoft cancelled games. The studio was working on Avatar: Frontiers of Pandora and other projects. The mobile studio Ubisoft Halifax is going out of business as well.

Approximately 55 positions will be lost across the Swedish studios, which comprise Massive Entertainment in Malmö. There has been more reorganisation at RedLynx and Ubisoft Abu Dhabi.

Ubisoft has presented a new financial outlook that is lower than its previous forecast of €1.5 billion. This marks a reduction of €330 million as per the company's guess. The management also stated that returns from only the highest-rated releases are now sufficient for the long-term investment. A pipeline review that was inclined towards established revenue streams eliminated projects associated with Ubisoft cancelled games.
Earlier expansions introduced new characters and worlds through IPs like Watch Dogs and Immortals Fenyx Rising. The current strategy reverses that trend. This may stabilise revenue, but it reduces room for breakout titles outside a service-driven model.

Also, do not miss our coverage on the possible Assassin's Creed Hexe delay.