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Videogame software provider Unity Software will eliminate 265 jobs or 3.8% of its global workforce and end an agreement with a digital video effects company founded by the "Lord of the Rings" director as part of a "reset," the company said on Tuesday.
The percentage is lower compared to recent layoffs we been hearing. But still 265 jobs is quite a number.
The executives make obviously terrible decisions, then their profits drop, and it's the work force that suffers because of it.
Exactly. It's never the idiot executives that suffer the consequences of their idiot actions, it's always the talented people that actually make the product.
https://www.gamespot.com/ar...
Unity has announced a round of layoffs and the closure of Weta Digital, after it decided to end its agreement with Peter Jackson's Weta FX. The layoffs will impact 265 employees, a total of 3.8% of its workforce, Reuters reports.
Back in December 2021, Unity acquired a part of Peter Jackson's Weta Digital, including "Weta Digital's tools, pipeline, technology, and engineering talent" in a deal worth $1.625 billion. The remainder of Weta Digital remained under Jackson's ownership and rebranded to Weta FX, with the company maintaining an agreement to use Weta Digital's tools and services.
Now, Unity says it has terminated the professional services part of this agreement, which will result in the layoffs of 265 employees involved in the agreement. Weta FX issued a statement to FX Guide, saying it would be looking to re-hire as much of the Weta Digital team as possible. Unity will retain ownership of the tools it acquired, and they will remain readily available for Weta FX to use.
I worked at Unity, super smart...super woke. John was a piece of old school work...how he survived so long is a mystery.
This is some very interesting music. gamescom, the biggest gaming event in the world, is starting a new event in Latin America. From June 26th to 30th, gamescom latam is going to take place in São Paulo, Brazil, providing a unique opportunity for gaming fans and for the digital entertainment industry.
While the games themselves made it one of the best years ever, the game industry itself was just a whole other level of disappointing in 2023.
