no img no img

Write what you are looking for and press enter to begin your search!

Logo
live-news-icon

Live News

Check Out The First Final Fantasy Commander Decks From Magic: The Gathering: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // STALKER 2’s Massive Patch Fixes 1,700 Things You Probably Didn’t Even Notice: In an intense match, the Lone Wolves came out victorious. Read all about the big night here // Marvel Rivals Devs Tease Switch 2 Port—If It’s Powerful Enough: In an intense match, the Lone Wolves came out victorious. Read all about the big night here
post-16 post-13

Unity Faces Workforce Changes Amidst Structural Overhaul

In a surprising turn of events, Unity is gearing up for significant staff layoffs in the upcoming months, as unveiled in their recently released Q3 2023 earnings report. Departing from the norm of providing routine future guidance, the company has instead outlined extensive plans for a comprehensive structural transformation per The Verge.

Unity’s strategic initiative involves a meticulous review of its product portfolio, with a primary focus on elevating products that cater to customer needs. Simultaneously, the company is undergoing a critical evaluation of its cost structure to align it with the refined product lineup. Final decisions stemming from this evaluation are anticipated within the next few weeks, and the implementation phase is set to kick off this quarter, culminating by the close of Q1 2024.

The tactical approach includes discontinuation of specific products, a reduction in the workforce, and a downsizing of office space. Due to the uncertainty surrounding the exact timeline for these actions, Unity has opted not to provide guidance for Q4 2023 or the entire fiscal year. However, the company plans to shed light on its 2024 roadmap alongside the unveiling of Q4 and full-year 2023 results, offering a comprehensive look into the operational interventions geared towards progressively enhancing results.

In a notable preamble to the report, interim CEO and president James Whitehurst underscores the imperative need for restructuring within the company. Despite having lucrative opportunities for revenue growth, improved profitability, and heightened cash flow, Unity acknowledges its current state of being overextended, lacking synergies, and not reaching its full potential. The overarching objective is a transformation into a leaner, more agile, and swiftly growing entity, with specific plans set to be divulged in the coming months.

This unfolding development comes on the heels of the recent departure of John Riccitiello, who abruptly stepped down from multiple leadership roles, including president, CEO, chairman, and board member. The decision coincided with Unity’s encounter with criticism from the development community over controversial monetization plans for its game development engine. The company, in response to the backlash, promptly retracted and modified these plans, showcasing a commitment to addressing concerns within its community.

Related News

post-07
Shadow Has His Iconic Gun In New Sonic The Hedgehog 3 Trailer

United International Pictures Malaysia has unveiled a new trailer for the upcoming Sonic The Hedgehog 3. Shadow The Hedgehog, who is voiced by Keanu ...

post-07
Overwatch 2 Will Only Have 5 Players Per Team Instead Of 6

Activision Blizzard just hosted its Overwatch 2 Player VS Player livestream update, and it's a doozy for those used to the 6v6 format. According to...

post-07
V Rising Unveils the Secrets of Gloomrot this May 17th

Am I flipping out because we finally have news on the Gloomrot update? Yes, Yes I am. With over a 100 hours of game time in V Rising, I'm excited t...

Write a comment

Your email address will not be published. Required fields are marked *

Tournament Tool Kit

Latest Video

Follow Us

Recent Posts

post-17
Every 2025 Steam Sale That Will Make Your Wallet Weep
post-17
Is Gaming Really A Tool For Terrorist Radicalisation? We Ask An Expert
post-17
Fatal Fury: City of the Wolves – What You Need To Know About The Upcoming 2025 Fighting Game From SNK
post-17
Captain America Brave New World: Five Things To Know If You’re Not Keeping Up With The MCU
post-17
Street Fighter 6 World Tour Guide: How To Find Mai Shiranui
post-17
SNK Did Mai Shiranui’s Definitive Theme Justice In Fatal Fury: City of the Wolves
post-17
Daredevil Born Again Trailer Breakdown: Kingpin, Muse, White Tiger & More
post-17
Honkai Star Rail 3.0 The Herta Guide
post-17
Our Most Anticipated Games Of 2025
post-17
Kakuchopurei’s Southeast Asia Game Awards & Appreciation 2024
post-17
The Best 40 Games Of 2024
post-17
Must-Watch Animes This Winter: 2025 Season
post-17
Heroes We Need To Come To Marvel Rivals
post-17
[Updated] Comic Fiesta 2024: What You Need To Know
post-17
Marvel Rivals: The Best Heroes To Counter Iron Fist
post-17
Marvel Rivals: The Best Heroes To Counter Jeff The Land Shark
post-17
Path Of Exile 2 Early Access: All Uniques In The Game So Far
post-17
Infinity Nikki: All Dungeons & Boss Guides & Walkthroughs
post-17
Path of Exile 2 Early Access: All Ascendancy Nodes Revealed
post-17
Indiana Jones And The Great Circle: PC Specs & Southeast Asia Launch Times Revealed
post-17
Infinity Nikki Gacha & Monetization Explained
post-17
S.T.A.L.K.E.R. 2: Heart of Chornobyl – How To Increase Carry Weight?
post-17
These Are The Finalist Games For Apple’s App Store Awards
post-17
The Best Black Friday & Cyber Monday Deals To Get: Gaming & Hardware Edition
post-17
Check Out The First Final Fantasy Commander Decks From Magic: The Gathering
post-17
STALKER 2’s Massive Patch Fixes 1,700 Things You Probably Didn’t Even Notice
post-17
Marvel Rivals Devs Tease Switch 2 Port—If It’s Powerful Enough
post-17
Elden Ring: Nightreign Might Get Even More Brutal With Extra Bosses & Playable Characters
post-17
Fatal Fury: City Of Wolves Adds Kain, Officially Announces Season 1 Pass
post-17
Granblue Fantasy Versus Rising Season 2 Pass’ Other Characters Announced
post-17
Asia Gaming Beat: February 15, 2025