Ubisoft Sellout - Bankruptcy Speedrun Any% Thread

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Ubisofts woke gay white liberal woman employees worried about layoffs after Tencent deal :story:


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Hermione Granger said:
Ubisofts woke gay white liberal woman employees worried about layoffs after Tencent deal :story:

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Said another employee currently working on an unannounced project, “I want to think our team is okay right now, but we don’t know. You’d think they’d have at least some sort of clarity for us before publicly announcing the deal.”
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That is never how this shit works, partly because they can't guarantee that everyone will keep their mouths shut, regulatory reasons, and not wanting people sabotaging shit.

Executives will know because they're the ones making the deal. Upper management may be able to figure out what's going on. Middle and lower management should have a clue of whether or not they're about to be without a job. Rank and file employees, I said this in the bioware thread when idiots there were insisting layoffs weren't going to happen but it's generally pretty damned obvious its coming if you've ever experienced it before, and you can make general observations like hiring coming to a halt when there's still turnover, managers being dragged into excessive meetings with nothing to say about them, progress on projects coming to a screeching halt, and so on.

“We just want to know what’s going on,” one source said. “They promised transparency and regular communication with us, but we’ll see if that actually happens.”
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You idiots will get your communication when you're being walked out. Every damned time with these people "but they promised" did they sign a contract? No? Then they didn't promise shit.
 
p1138 said:
You idiots will get your communication when you're being walked out. Every damned time with these people "but they promised" did they sign a contract? No? Then they didn't promise shit.
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These are the people who actually believe corporations when they talk about being committed to employee wellbeing.

You're just a number, code monkey: you and everyone else in your team can be removed or replaced at a moment's notice and there's nothing you can do but seethe on Bluesky about it.
 
Oliver Onions said:
These are the people who actually believe corporations when they talk about being committed to employee wellbeing.

You're just a number, code monkey: you and everyone else in your team can be removed or replaced at a moment's notice and there's nothing you can do but seethe on Bluesky about it.
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Oh absolutely. They'll even believe the corporate HR bullshit like "we're a family" and crap as if they're a local mom and pop business that's been open for generations.

As far as layoffs, I don't think they're going to be happening in bulk for a couple months at least. Publicly they still appear to be hiring, and the reality is its going to take weeks for their new chinese bosses to sift through performance reviews from managers to even figure out what the hell is going on at Ubisoft(seriously 20,000 employees... wtf), possibly shuffle project groups into the new subsidiary, etc. That being said, I'd be prepping my resume if I were there, even if attached to one of the bigger projects as I honestly think they're the most likely to get gutted and replaced.

When you consider all of the smaller lower budget games that Ubisoft publishes, shit like Just Dance current year edition isn't going to have a budget remotely close to an Assassin's Creed or Far Cry game so any of those types of shovelware in the pipeline will likely continue to release so long as the franchises have a history of making a modest return(after that is a different story). The reason for this of course is that they still have another 2 years it seems before the new subsidiary can excise itself from the parent company and leave the debt behind. But that's not a recipe for long term employment.
 
Tencent higher ups upon realizing there are no actual coders in Ubisoft and it's all artists and middle managers going on sightseeing tours who work on a skeleton of a 10+ year old engine
 
Rezza said:
If mobile really is still the future, then why Tencent is still insistent on buying Ubisoft?
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Simple, their IPs. They are going to harvest them and leave Ubisoft for dead, much like the CCP harvests your organs and you are never heard from again. This is exactly the kind of fate this company deserves.
 
p1138 said:
That is never how this shit works, partly because they can't guarantee that everyone will keep their mouths shut, regulatory reasons, and not wanting people sabotaging shit.

Executives will know because they're the ones making the deal. Upper management may be able to figure out what's going on. Middle and lower management should have a clue of whether or not they're about to be without a job. Rank and file employees, I said this in the bioware thread when idiots there were insisting layoffs weren't going to happen but it's generally pretty damned obvious its coming if you've ever experienced it before, and you can make general observations like hiring coming to a halt when there's still turnover, managers being dragged into excessive meetings with nothing to say about them, progress on projects coming to a screeching halt, and so on.


You idiots will get your communication when you're being walked out. Every damned time with these people "but they promised" did they sign a contract? No? Then they didn't promise shit.
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The ones who take to the internet to complain right off the bat are going to be the ones who have zero understanding of how any of that shit works.

The moment they sign the deal is the point where they have to, legally, make it public. What happens before that sure as hell shouldn't be public, and since it's just a deal being signed, of course you don't know what's going to happen outright after that. Bunch of manchildren who want everything now now now now.
 
p1138 said:
seriously 20,000 employees... wtf
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that number isn't surprising for anyone knowing their corp structure. other companies outsource like crazy or exploit temp contracts like 343. meanwhile ubisoft owns most of their satellite studios, most likely for tax credits and some smaller benefits like direct control so they can put them to work on everything every time. I think even ac3 back then had over 1000 people working on it (or might confuse it origins).
 
ZMOT said:
that number isn't surprising for anyone knowing their corp structure. other companies outsource like crazy or exploit temp contracts like 343. meanwhile ubisoft owns most of their satellite studios, most likely for tax credits and some smaller benefits like direct control so they can put them to work on everything every time. I think even ac3 back then had over 1000 people working on it (or might confuse it origins).
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Don't forget that having that studio in Singapore let them hoover up a bunch of money from the Singaporean government for Skull and Bones. And having an office in Montreal and one in France lets them double-dip on culture grants about French "culture".
 
BradeRunna said:
Tencent owns 25% of them now. Commie chink China taking over isn't going to be any better.

You better not say anything about Tiananmen Square in the chat. lol
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tencent own 25% of the subsidiary, and already owned 10% of ubisoft. the sub is a new company and had rainbow six, far cry and ass creed transferred to it. it's an important distinction since it'll let ubisoft chug along under the current owners.
 
Ubisoft leak suggests that the investors and employees are planning on suing the board of directors over selling to Chinese.
Gentlemen, we are witnessing the retard singularity.


 
Mister Fister said:
Ubisoft leak suggests that the investors and employees are planning on suing the board of directors over selling to Chinese.
Gentlemen, we are witnessing the retard singularity.


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If I was an Ubisoft investor I'd be pissed since at this point that subsidiary has everything of actual value and can (and almost certainly will) be easily sold off whenever Ubisoft declares bankruptcy, leaving everyone who has money invested in Ubisoft proper stuck holding a sack filled with nothing but debt and worthless IP's.

Watch and see what happens to ownership and control of that subsidiary, because I guarantee you the heads of Ubi are going to be cutting a deal with Tencent that lets them jump ship to that and leaves everyone else holding Ubisoft's debt.
 
I'm still wodering about the two years wait for the inevitable Tencent buyout. A trick to circumvent some legal restrictions?
 
The subsidiary does not hold the IPs. It holds a perpetual license to the IPs.

o The new subsidiary would be granted by Ubisoft a worldwide, exclusive, irrevocable, perpetual
license in respect of the intellectual property and similar proprietary rights owned or licensable
by Ubisoft in relation to Tom Clancy’s Rainbow Six, Assassin’s Creed and Far Cry in exchange for
a royalty.
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Rezza said:
I'm still wodering about the two years wait for the inevitable Tencent buyout. A trick to circumvent some legal restrictions?
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I imagine what we're witness right now was set in motions a few years ago and has little to do with the current situation.

Negotiations are likely ongoing as Tencent prepare themselves to gut Ubisoft even further.
 
Snekposter said:
If I was an Ubisoft investor I'd be pissed since at this point that subsidiary has everything of actual value
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I was curious how giving away your valuable IPS to the chinks was gonna look to investors.
Not good apparently and that makes it even funnier as that to me looks like doing harm to the stock value - what little it had.
 
oh no its pipkun said:
tencent own 25% of the subsidiary, and already owned 10% of ubisoft. the sub is a new company and had rainbow six, far cry and ass creed transferred to it. it's an important distinction since it'll let ubisoft chug along under the current owners.
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Remember when China had Ubisoft remove the slot machines from the Casino map in Rainbow Six Vegas?
 
BradeRunna said:
Remember when China had Ubisoft remove the slot machines from the Casino map in Rainbow Six Vegas?
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They had to remove skulls and ghosts too if I recall, as these are a no-no in chinkland.
BTW, can you imagine how Tom Clancy would react if he was still alive, knowing that the fucking Chinese now have rights to his name and his intellectual property? At least it's not Russians, but still.
 
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