Subj : Unity announces plans to cut around 25% of its staff, affecting a
To   : All
From : TechnologyDaily
Date : Tue Jan 09 2024 10:45:04

Unity announces plans to cut around 25% of its staff, affecting approximately 
1,800 people

Date:
Tue, 09 Jan 2024 10:31:55 +0000

Description:
Unity confirmed in a SEC filing that it plans to make cuts to around 25% of 
its workforce.

FULL STORY
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Game software development company Unity has announced plans to cut around 25% 
of its workforce, with approximately 1,800 members of staff expected to be 
affected. 

First reported by Reuters , these plans were revealed in a Securities and 
Exchange Commission (SEC) filing published yesterday (January 8). In the 
filing, the company said that the changes come as it restructures and 
refocuses on its core business, and to position itself for long-term and 
profitable growth. 

This latest announcement follows on from job cut plans revealed within the 
companys Q3 2023 shareholder letter by interim CEO James Whitehurst. At the 
time, it was stated that alongside a comprehensive assessment of its product 
portfolio, the company had begun evaluating the right cost structure that 
aligns with the more focused portfolio, and planned to complete all 
interventions by the end of Q1 2024. These interventions, it said, would 
likely include discontinuing certain product offerings, reducing our 
workforce, and reducing our office footprint. 

Just weeks after that announcement, it was confirmed that 265 members of 
staff were being laid off as part of a company reset, as it terminated the 
professional services section of an agreement made with the visual effects 
company Wt FX. At the same time, Unity also announced the shutdown of offices 
in 14 locations. 

Last September, Unitys controversial Runtime Fee was first announced , and 
met with major backlash from game developers. At first, it was suggested that 
anyone whose games made in Unity passed certain thresholds (based on their 
yearly revenue and number of lifetime installs) would be subject to an 
additional monthly fee calculated using the additional number of game 
installs per month. This was soon changed so that Unity Personal and Plus 
members won't be affected, and the fee will only apply to games created using 
the long-term support (LTS) releasing this year. 

TRG has reached out to Unity for comment on the latest redundancy plans, and 
we will update this story if we get a response. 

 Looking for some fantastic new games to play? Be sure to check out our 
recommendations for the best indie games , as well as the best indie horror 
games .



======================================================================
Link to news story:
https://www.techradar.com/gaming/unity-announces-plans-to-cut-around-25-of-its
-staff-affecting-approximately-1800-people


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