Ubisoft has laid off 1,700 workers over the past 18 months despite being on the path to achieving its highest net bookings ever for 2023. The video game maker reported a full-year operating profit on these record bookings. However, Ubisoft's stock fell approximately 15% after the company warned that its Q1 net bookings would be around €275 million, significantly below the €376 million estimate. The company also reported a €401 million adjusted operating income for the fiscal year 2024. Ubisoft plans to focus on open world and Games as a Service (GaaS) games moving forward.