Ubisoft CEO accepts major pay cut after gaming giant’s poor performance this year

Ubisoft CEO Yves Guillemot waived his pay cut due to the company’s financial failure and some scandals.
Ubisoft's main headquarters with the company logo

Things don’t seem to be going well for Ubisoft, behind big titles like Assassin’s Creed, FarCry, and Rainbow Six. According to the annual report published by the company, it is seen that sales decreased by 5%, and the profit rate decreased by 14%. Upon these declines and sexual misconduct allegations that have emerged in the past, the company’s CEO, Yves Guillemot, will voluntarily waive some of the payments he received.

Yves Guillemot’s compensation amount decreased from 1.03 million euros to 624,824 euros after the deduction of 310,607 euros in total. These details first emerged after Axios noticed.

A former Ubisoft employee who interviewed Kotaku last year stated that he was a victim of sexual abuse and was subjected to racist remarks. Faced with these accusations, Ubisoft lost many talented developers in its possession. Due to these losses, the company faced many problems. Although Assassin’s Creed: Valhalla performed well, it failed to turn the company into profit. The company’s stock value has halved in the financial year ending March 31.

In the introduction to the report, Yves Guillemot summarized the company’s representation, making these comments:

“Women now represent 25% of our total workforce, and represented one-third of total recruitment in the past 12 months. Furthermore, we have a strong representation of women at leadership levels with respectively 42% and 45% for the Executive Committee and the Board. We have ambitious plans to continue building a more diverse and inclusive organization.”

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