It urged the board to consider taking the company private, “implement a comprehensive cost reduction program and optimize staffing levels to be more comparable with industry leaders”
Standard investor BS. He’s just calling for layoffs friends, fuck that guy.
What they need to do is just gut the entire executive team. Not just the CEO but everyone. They clearly have no idea how to run a gaming company.
" optimize staffing levels to be more comparable with industry leaders”
I will never understand why investor types like to play follow the leader rather than giving strategic or financial reasons for business decisions. Who gives a shit if every other studio is laying people off? If the staffing is right for your company then following other industry leaders will only make things worse and cement you in a place behind those leaders.
Because investors are. Less people=more money for them. This minority investor just wants to get their money and run. Layoff more people, temporary bump, sell off, and get out. Sorry mate, you bet on Ubisoft, every gamer knows that it was only a matter of time until people realized how shitty they were being.
I’m glad the crew and the general blandness of all of their games has finally caught up with them