By Gianluca Lo Nostro and Leo Marchandon Jan 22 (Reuters) - Ubisoft, the French video game publisher behind the "Assassin's Creed" series, on Wednesday announced a sweeping reorganisation and said it would cancel six games,

Ubisoft, a major video game publisher known for titles like Assassin’s Creed, announced a major “reset” Wednesday involving layoffs, canceled and delayed games and a stricter return-to-office mandate.

Ubisoft has hit the reset button, cancelling six games, and delaying seven others including the much-anticipated re-release of a 2013 smash-hit.

Ubisoft shares plummeted after the French game publisher declared a sweeping reorganization and the cancellation of six games.The “Assassin’s Creed” creator saw its stock sink

Amid layoffs and cancellations, the publisher plans to up the ante on AI.

Credit: Christian Petersen () Ubisoft announced a major overhaul of its internal structure today, which includes numerous cancellations and delays, as well as more studio closures and layoffs. And the French game industry union Solidaires Informatique isn't taking it lying down.

Ubisoft Entertainment SA shares crashed the most in its history after the Assassin’s Creed maker said it would cancel game projects, shut down studios and cut its guidance.

Ubisoft confirms major restructure with game cancellations and delays as veteran developer Julian Gerighty exits, signalling deeper changes at the publisher.