![]() ![]() Unity CEO John Riccitiello also stirred up controversy in the past by claiming that developers who don’t monetize their games are “the most beautiful and pure, brilliant people. Before that, it also acquired Peter Jackson’s VFX studio, Weta Digital, which was another strategic move to bolster Unity’s position in the industry. This hasn’t stopped it from investing in new technologies as Unity previously acquired Ziva Dynamics, which helps developers create realistic human characters using a combination of machine learning and biomechanics. However, the forecasts for the month of June 2023 have reportedly gone down and the company’s share price has taken a dip owing to that. Unity announced its first-ever profitable quarter in 2022 after being established in 2004, with a record revenue of $1.39 billion. Unity’s CEO, John Riccitiello, said, “It's all about setting ourselves up for higher growth” and emphasized that it was a bid to improve the company’s profitability and streamline its operations. The first round of layoffs came in January 2022, which saw 285 people being let go, and the second one came in June 2022, when an additional 300 Unity employees were laid off. RELATED: ChatGPT Integration into Unity Could Change Game Development ForeverĪs reported by Wall Street Journal, Unity’s total workforce has been reduced by around 8%, and this takes the tally of laid-off employees to over 1,000. ![]() However, Unity was also forced to rethink its strategy amid the global tech slowdown, which eventually led to company-wide layoffs. Apart from console and PC games, it has also been used to develop VR and mobile games, which puts it right next to Epic’s Unreal Engine in terms of widespread usage and popularity. The Unity engine has been used to develop some of the most popular games available today, including titles like Pokemon Go, Cuphead, Rust, Genshin Impact, and many others. The global tech industry has already seen a record number of layoffs across major tech firms recently, and this is the third time in the past year that Unity has reduced its workforce. Unity, one of the most popular game engines in the world, has laid off 600 employees and also plans to cut down its office locations from 58 to 30. ![]()
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