Image via BetaKit (Canada)
Last updated
Ubisoft: Layoffs
Ubisoft cut 1,200 jobs over past year amid record $1.7B net loss, now at 16,700 staff
Source: BetaKit (Canada)
The leadership read
Workforce moves like this mark the contracting side of technology hiring conditions.
Market context: Backdrop: a 105.8 (Hot) Talent Market Index (down 2.4 on the month) with Oceania activity steady (-0.1pts).
Ubisoft: 4 signals in the last 90 days — above the Technology median of 1 across 211 tracked companies; 0.3% of MitchelLake's Oceania signal flow; 4 tracked across 42 days.
MitchelLake in this thematic
From the MitchelLake archive
Also at Ubisoft →
More signals across Technology
Partnership · Oceania
Afterpay →Afterpay secured naming rights to a major 21,000-seat stadium (formerly Olympic indoor venue), rebranding it as Afterpay Arena. This represents a significant sports marketing and brand visibility partnership.
Ma Activity · Oceania
Siemens →Siemens acquired Precision Innovations, an electronic design automation software company specializing in AI-powered chip planning and system-on-a-chip design optimization.
Product Launch · Oceania
ghd →ghd launched Sculpt, an AI-powered hair styling tool with real-time temperature adaptation, positioning it as a premium innovation with zero-damage claims. Launched early July 2026 at $629 retail price.
Restructuring · Oceania
SS&C Technologies →SS&C Technologies announced redundancy of 170 roles in Operations, Technology and Delivery teams in Australia, with offshoring to Thailand and India following expiry of 12-month firing freeze post-acquisition of Insignia Financial's Master Trust business.
Ma Activity · Oceania
Verkada →Verkada announced strategic investment and technical collaboration with NVIDIA, leveraging NVIDIA Cosmos foundation models and Physical AI Data Factory to accelerate AI model development across 2.4M+ devices globally.
Ma Activity · Oceania
Podean →Podean acquired Social Commerce Club to expand TikTok Shop, creator commerce, and AI-powered ecommerce capabilities globally.
Intelligence powered by Autonodal ↗