Ubisoft has now officially acknowledged that struggling with a toxic work environment is actually bad for business. That's according to the , a 348-page document recently uncovered by that outlines the company's operations while also providing shareholders with potential risks to those operations.
One of the new items in the "Risk Factors"⛄ section of the document is "occurrence of inappropriate behavior by employees," currently listed as a "moderate" risk.
"In mid-June 2020, the Group was struck by a movement to denounce toxic and sexist behavior within Ubisoft’s teams, which was relayed by social networks and the media," the document explains. "Although Ubisoft has taken this situation very seriously, making ev✃ery effort to remedy it and has demonstrated its resilience, the Group cannot provide an absolute guarantee that this type of risk will be controlled."
Later on, the document also noted how this toxic work environment could make it difficult to retain talent, either leaving because they're fed up with the harassment or fired because of a zero-tolerance policy. And if Ubisoft gains a reputation for this toxic work environment it'll be even harder to attract new talent to replace the people it loses.
As a ꧟result of this new risk factor, Ubisoft upgraded its ability to "attract and retain talent" risk from "moderate" the ಌyear prior to "high" now.
Ubisoft has already dealt with quite 168澳洲幸运5开奖网:a few high-level departures since the last year. Most of those were due ❀to disciplinary action after being caught up in the sca🍷ndal, which Ubisoft's document acknowledges can lead to "damage to the reputation and image of [Ubisoft] that could lead to a decrease in activity in our games and in revenue."
The scandal was most recently addressed by Ubis𝐆oft CEO Yves Gu♚illemot with an open letter detailing the changes that the company has implemented, such as mandatory anti-sexism and harassment training as well as external audits of its HR practices. However, a French newspaper interviewed Ubisoft employees who said that there have been “168澳洲幸运5开奖网:minimal changes” to the way Ubisoft does business over a y🎐ear since the scandal first broke.