Ubisoft shares plummet to lowest price in over 14 years amid its recently announced 'restructuring' centered on cancellations, layoffs, and generative AI

As you might expect when a company announces everything is on fire, everything is on fire: as CNBC pointed out a day after the announcement, the company’s share price went down by around 34% after the restructuring was announced. When the stock market closed yesterday the price sat at €4.06 (around $4.80) a share.