Ubisoft announces the closure of one of its studios and downsizing at other locations as layoffs continue to plague the gaming industry.

The French gaming conglomerate Ubisoft is permanently closing down its UK-based studio, Ubisoft Leamington, which is based in Leamington Spas. A Ubisoft spokesperson confirmed that the Ubisoft Leamington studio shutdown was part of a broader plan to restructure the company.

Ubisoft's cost-cutting measures continue as it's closing another studio and laying off an additional 185 employees in several locations.

The fear of insolvently overwhelmed working capital overdraft has reportedly impacted Ubisoft, causing it to sign up for in-house fiscal

Ubisoft (EPA:UBIP), the largest video game maker in France, has announced the closure of its Leamington site in Britain and the restructuring of operations at Ubisoft Düsseldorf, Ubisoft Stockholm, and Ubisoft Reflections.