Ubisoft's future remains uncertain as the company gears for internal restructuring that will eventually save it around 500 million Euros in operational costs. The developer has suffered through financial woes for the past few years, cancelling six games today — four of which weren't even announced yet — along with enacting layoffs. The news has caused Ubisoft's market cap to fall below 1 billion Euros for the first time since 2012, with trading of shares briefly suspended on Thursday morning, AFP reports.
Out of those six titles that Ubisoft put to rest, one was the Prince of Persia: The Sands of Time remake, a highly-anticipated reimagining of a 2000s classic. The game was originally unveiled back in 2020 but has been stuck in development hell ever since, having even changed production studios twice. Sands of Time has now become the poster boy for Ubisoft's instability in an industry it once dominated.
