Ubisoft announces 1,700 job cuts amid declining sales, delayed game release, and labor unrest.

Ubisoft, the French gaming company behind "Assassin's Creed," is grappling with declining sales, a delayed game release, and labor unrest, marked by a strike. With its share price at a decade low, the company announced plans to cut 1,700 jobs over 18 months. Facing competition from online games, Ubisoft is also rumored to be considering a buyout by Tencent and its largest shareholder, the Guillemot family, to potentially exit the stock market.