Ubisoft's latest cost-cutting measure has tanked morale at the publisher to a point where development talent is now shaming upper management.

The Division 3 has been in development for a while, and the latest news out of Ubisoft isn't promising for the game's future.

Beyond Good & Evil 2 lives on as part of a new development "house" focussed on "immersive fantasy worlds and narrative-driven universes," Ubisoft have assured.

The company's announcement of studio closures and game cancellations as it reorganizes set UBSFY stock in a tailspin on Thursday.

Ubisoft stock prices take a massive hit, reflecting uneasy sentiment in response to recent announced changes and broader industry trends.

It became the poster child for the bloated Ubisoft blockbuster that felt designed by committee for no one in particular. Co-founder and CEO Yves Guillemot promised sweeping reforms to get to the bottom of what was going wrong with the publisher’s production processes.

Ubisoft has announced a sweeping company restructure that will result in the cancelation of six games including its Prince of Persia: Sands of Time remake, and a delay to a further seven titles. Two Ubisoft studios will be closed completely as a result of the changes,

Ubisoft has cancelled the Prince of Persia: The Sands of Time remake, as well as axed five other games. Announced on Wednesday, the cancellations come as part of a major company restructure aimed at improving its growth and its finances — with some cost cutting having already been done via layoffs.