Unity Incurred $205 Million From The January Mass Layoff
The layoffs and administrative changes came after Unity announced a controversial change to its runtime fee.
The layoffs and administrative changes came after Unity announced a controversial change to its runtime fee.
Instead of the controversial Runtime Fee, Unity will revert to the existing seat-based subscription model for all gaming customers.
Scenario is the first GenAI toolkit for the gaming industry, offering the most complete suite of features for creative precision.
Last year, Unity ran into problems with its community after controversial price hikes. Now they have a new CEO.
On Monday, January 8, 2024, Unity announced that it would lay off 1,800 employees before the end of this quarter as part of its company-wide reset.
Unity is currently undergoing a hard “reset” with dire consequences for some of its partners and workers. The video game software provider announced on Tuesday, November 28 that it will further trim its workforce by 265 employees which is about 3.8% of its global workforce.
Unity announced a revenue of $544 million (a 69% year-over-year spike). However, another piece of information contained in the earnings report was the possibility of layoffs.
The last few months have seen massive layoffs in the gaming industry. The latest studio to let go of game developers is Naughty Dog, the studio that brought Uncharted and The Last of Us to life.
One of the biggest questions among gamers has been what are the pros and cons of generative AI in the game industry. Like every tool, generative AI has the potential for good and evil.