Singapore’s employment landscape is facing another significant development as video game publisher Ubisoft plans to eliminate 70 positions at its Singapore studio.

The announcement was reported on October 15, 2026, following the company’s decision to reduce its workforce as part of a wider global cost-cutting strategy.

Ubisoft said the changes are intended to align its Singapore studio with production needs while maintaining the studio’s role in its international operations — and that it would support affected employees during the process.

Why Is Ubisoft Reducing Its Workforce?

Ubisoft has been pursuing cost reductions following substantial financial losses in its 2025–2026 financial year — targeting further spending cuts as it attempts to improve profitability and reorganise its global operations.

These changes are not limited to Singapore. Ubisoft has also proposed closing its RedLynx studio in Finland, potentially affecting another 52 positions.

Despite the planned Singapore job cuts, Ubisoft has said its local subsidiary will continue to play an important role in its global production organisation.

This distinction matters: a company can reduce its workforce while continuing to operate in a particular market. Restructuring is not always the same as closure.

What Does This Mean for Singapore’s Job Market?

The announcement comes at a time when Singapore’s labour market is still growing overall — but some workers are finding it more difficult to secure their next job.

According to MOM’s Q2 2026 labour market report:

• Singapore recorded 4,620 retrenchments in Q2 — up from 3,830 in Q1
• Job vacancies declined from 73,300 in March to 68,600 in June 2026
• Retrenchments were largely attributed to business reorganisation and restructuring in manufacturing, information and communications, and financial services

Ubisoft’s announcement is a company-specific example of how restructuring can affect employees — even when a business continues operating.

Which Skills Can Help Workers Move Into New Roles?

Employees affected by restructuring may have skills that are useful beyond their current industry.

Professionals in game development may have experience in:

• Project coordination
• Software development
• Quality assurance and testing
• Digital production
• Data analysis
• Technical troubleshooting
• Team collaboration
• Product development

These capabilities may be relevant to other technology companies, software businesses, digital agencies, and technical service providers.

Transferable skills don’t guarantee immediate employment — but they are the foundation of every successful career transition.

Why Career Planning Matters Before a Job Change

Many employees begin searching for a new job only after receiving notice of redundancy. While that is understandable, maintaining an updated resume and keeping track of professional achievements can make the transition significantly easier.

Workers can prepare by:

• Updating their resume — focus on measurable achievements, responsibilities, and practical skills
• Reviewing their experience — identify which capabilities are relevant to other industries
• Expanding their professional network — stay connected with colleagues, recruiters, and industry contacts
• Exploring adjacent industries — consider employers with similar technical or operational requirements
• Checking available support — employees affected by restructuring should seek appropriate career guidance and employment assistance

According to reporting on the Ubisoft announcement, the company is working with Singapore’s Skills and Workforce Development Agency and NTUC’s Employment and Employability Institute to help affected employees access job-placement and employment support.

The best time to update your resume is before you need it. The second best time is right now.

What Employers Can Learn

Workforce restructuring can affect more than the employees directly involved — it also influences morale, trust, and perceptions of an employer’s reputation.

When restructuring becomes necessary, clear communication and practical support can help employees understand the process and prepare for their next steps.

Employers should also consider whether existing employees can be redeployed or retrained before positions are removed — where appropriate and commercially feasible.

A responsible workforce strategy recognises that employees have skills and experience that may remain valuable — even when a company’s immediate staffing needs change.

The Bigger Picture

Ubisoft’s planned job cuts demonstrate that employment opportunities can change quickly — even in industries associated with digital innovation and creative technology.

For workers, the lesson is clear: don’t assume any role is permanent. Building transferable skills, maintaining a strong network, and staying aware of the job market are habits that protect a career in any industry.

For employers, it is a reminder that how you treat people during difficult transitions shapes your reputation long after the restructuring is over.

Job security today is not a guarantee. Career resilience is what you build instead.

Jobshine helps job seekers discover employment opportunities across Singapore — connecting workers with roles that match their skills and experience: www.jobshine.sg


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