I don't think Ubisoft is quite as bad off as some people think. Yes, they did lose like 85% of their stock value between 2018 and now, but the stock value was overinflated when it was at it's peak, their stock is currently worth more than it was from 2000-2006 and 2009-2013. Their financials for 2024 showed green (gains) over the previous year in most areas, revenue, operating income, net income, total assets, net equity, etc. They're not exactly in a great place right now, but I don't think their situation is quite so serious that they are on the verge of total collapse.
Yes, there are changes they need to make to make themselves successful again. As sad as it is, layoffs likely need to happen as they are way too bloated with 18k+ employees, far more employees than publishers that output just as many games per year as them (or even more games than them in some cases). They should be looking to sell off dormant IP's (and maybe even some of their active IP's) as it was recently rumored they were looking at doing. They should make their open worlds smaller and take more time making their games (2 changes Guillemot claims they have already implemented in recent years). They need to innovate more and iterate less.
