A significant number of employees, approximately 40 individuals, have been let go from Ubisoft Toronto. This action is part of a broader restructuring and cost-saving effort by the game developer. Despite these workforce reductions, Ubisoft has stated that the Splinter Cell remake remains in development at the studio. The affected staff will receive severance packages and career assistance.

Recent Workforce Changes at Ubisoft
Ubisoft has undertaken several measures affecting its staff and projects in recent months:

Studio Closures: Two Ubisoft studios have been closed.
Project Cancellations: Six projects have been cancelled, including the Prince of Persia: The Sands of Time remake.
Game Delays: Seven games have had their release dates postponed.
Wider Industry Trend: These layoffs occur within a larger trend of job cuts in the gaming industry, following a period of rapid expansion during the COVID-19 pandemic.
Employee Strikes: Approximately 1,200 Ubisoft employees previously went on strike in protest of recent layoffs and cost-cutting measures.
Ubisoft Toronto's Role and Future
The Ubisoft Toronto studio, one of the company's larger facilities, has contributed to titles such as Watch Dogs: Legion and Far Cry 6. Following the recent workforce reduction:

Splinter Cell Remake: Development on this project is confirmed to continue. It is understood to be a linear experience, aligning with the style of earlier Splinter Cell games, rather than an open-world design.
Other Projects: The studio will continue to support development on other Ubisoft titles, including Rainbow Six Siege, in conjunction with Ubisoft Montreal.
Rationale for Workforce Reductions
Ubisoft's actions are part of a stated effort to reduce costs and restructure its operations. Reports indicate a target of saving approximately €200 million. This has led to a reassessment of projects and staffing levels across various studios, including significant cuts at Ubisoft's Paris headquarters.
Read More: Capcom Asks Players Not to Share Resident Evil Requiem Leaks Before February 27th Launch

Employee Support and Statements
Ubisoft has issued statements regarding the layoffs:
"This decision was not taken lightly and does not in any way reflect the talent, dedication, or contributions of the individuals affected." - Ubisoft Spokesperson (via MobileSyrup)
The company has committed to supporting affected employees with comprehensive severance packages and career placement assistance.
Analysis of Development Status
While the confirmation that the Splinter Cell remake is still in development provides reassurance to fans, the impact of losing 40 developers from the team is a pertinent question. The studio's continued work on other live titles, such as Rainbow Six Siege, suggests a strategic reallocation of resources. The broader context of Ubisoft's financial restructuring and project cancellations raises inquiries about the future development pipeline and the overall stability of game production within the company.
engadget.com: Ubisoft lays off 40 staff working on Splinter Cell remake, says game remains in development
eurogamer.net: Ubisoft is laying off 40 devs at studio working on Splinter Cell remake, but confirms the game is still in production
mobilesyrup.com: Ubisoft Toronto lays off 40 employees, Splinter Cell remake still in development
rockpapershotgun.com: Ubisoft cut staff at Splinter Cell devs Ubisoft Toronto, as part of their push to save €200 million
videogameschronicle.com: Ubisoft confirms layoffs at Toronto studio, but insists Splinter Cell’s remake is still coming | VGC
wccftech.com: Splinter Cell remake team at Ubisoft Toronto hit with layoffs