LogInAs part of its restructuring campaign, the studio cut nearly 4% of its global workforce.
Image Credit: Unity
Unity Technologies has unveiled its plans to end the agreement with Wētā FX, the renowned creator of high-quality VFX for award-winning movies and television shows, whom Unity acquired back in 2021. This move is expected to result in the termination of 265 positions, constituting approximately 4% of Unity's total global workforce, which are tied to the agreement.
As stated by the announcement, the decision to terminate the agreement is part of Unity's restructuring efforts, revealed shortly after the Q3 2023 financial report. As part of this campaign, the company intends to focus on Unity Editor and Runtime, Monetization Solutions, and digital twins, potentially resulting in layoffs and the discontinuation of some products.
Prior to that, Unity also announced the departure of John Riccitiello, who served as its President, CEO, Chairman, and member of the Board of Directors, who left the company following the introduction of Unity's new pricing policy and the subsequent scandal it created back in September.
Furthermore, Unity intends to close offices in 14 locations, including Berlin and Singapore, with pending employee consultations in some countries, while also significantly reducing its office footprint for the remaining offices, including those in San Francisco and Bellevue. Speaking to Reuters, James M. Whitehurst, Unity's Interim CEO and President, said that "while no additions have been finalized, it's clear that we will reduce the number of things we are doing overall."
Read the announcement here and don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Instagram, Twitter, and LinkedIn, where we share breakdowns, the latest news, awesome artworks, and more.