![]() Whitehurst, an advisor at the Silver Lake equity investment firm, stepped into the role of interim CEO. Unity Logos Try BrandCrowd for Free The Worlds 1 Unity Logo Maker. Unity CEO John Riccitiello stepped down in October, just over a month after Unity’s massive pricing gaffe. The fees were eventually revised after widespread backlash, including a mobile game developer protest that saw companies boycotting Unity’s ad tools. The new policy originally added additional fees each time a game is downloaded, with some restrictions due to player base size. However, Unity has had a uniquely bad year due to a controversial new pricing model that was essentially universally condemned by the game development community. Large-scale layoffs are not unique to Unity, as the industry enters a crisis created by thousands of layoffs. In total, Unity’s laid off more than 1,100 people this year, preceded by at least 200 job cuts in June 2022. This is Unity’s third round of layoffs in 2023 the company laid off nearly 300 people in January and around 600 in May. Get dozens of professional, custom unity logo options from our community of freelance designers, and experience next-level creative direction. Unity earned more than $1 billion in revenue in 2022, but was not profitable. The layoffs and other cost-saving measures - like less in-office support for its remaining offices, Reuters said - are intended to “deliver faster revenue growth, improved profitability metrics and increased free cash flow,” Unity wrote in its November shareholder report. Unity Bank is a community-oriented commercial bank offering a variety of accounts, as well as a complete suite of business products and on-line services. Unity announced in early November that it was likely to see more layoffs, despite its third quarter results meeting set expectations. “We are endeavoring to hire back as many crew as we can, however, there may be a few roles that we may not be able to accommodate within our new structure.” “Unity’s need to refocus its efforts on its core business, and change in its relationship with Wētā FX was not something we had planned for,” Wētā FX said in the statement. Unity will keep the tools it acquired, all of which will also be available to Wētā FX, too, it said. Wētā FX announced, in a statement to fxguide, that will attempt to hire “as many of the team as possible” in a move to expand its research and development capabilities. ![]() (That company was “expected to become Unity’s largest customer in the Media and Entertainment space,” according to the 2021 news release.) The two companies have also “amended certain intellectual property rights between the parties,” according to United States Securities and Exchange Commission filings. Video game company layoffs are creating an industry crisisĪlongside the layoffs, Unity is closing 14 offices and ending an agreement with Wētā FX, the new company made of the legendary VFX teams and owned by Peter Jackson, that’s been in place since the Wētā Digital acquisition.
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