Pros: no layoffs in the history of ubisoft toronto
Cons: the pay is 15-30% below what many other studios offer
There are two big advantages to working at Ubisoft. First, they hire more friendly people than the other studios I worked at in the past. Second, they haven't done any layoffs. Their plan is actually to keep expanding.
The downside of working here is the salary. It's 15-30% below what you can get elsewhere. Ubisoft has been lucky in the last 4 years, feeling no pressure to raise salaries. This is because Toronto doesn't have much of a game development industry. There is a single other studio around the city, which is Rockstar. So, no competition for talent.
The other downside is that you likely will feel like a pawn at some point here. This is to be expected, as most teams are above 200 people. If you think that's a lot, in Montreal, some teams peek at 900 people. There has to be some advantages to working at small companies right? Another reason you may feel like a pawn is that even if the Toronto studio had good intentions for its people, many of us got shuffled and moved to new roles and projects due to another studio's needs. So, you may be excited about your current project and giving it all you got, and suddenly, a directive from Montreal demands that you help them with a struggling project. This should not come as a surprise as the industry is highly risky and a large company must do what is best for itself as a whole. Also note that this could only be temporary.
Back to talking about the positives, this is a place where you will never feel like you risk of being let go due to company finances. The proof is that the company hasn't been profitable lately (public information), and yet, we have not seen any ground layoffs in Toronto or Montreal. Some speculate this is due to the large tax incentives that the company gets both from the Quebec and Ontario governments. So if you have kids like I do, you will fall asleep easy.