Unity Technologies, the renowned game engine and development platform, has announced an anticipated reduction of its workforce as part of its business restructuring. The decision comes as the company evaluates its product portfolio to focus on its most valuable offerings, aligning with what it calls a “customer-first business model.”
The announcement was made in the company’s Q3 earnings report document, with these interventions expected to be complete by the first quarter of 2024. The company stated that the exact timing and date of the layoffs and other interventions are yet to be determined, making it difficult to estimate.
Part of this strategic move includes discontinuing specific product offerings and reducing the company’s office footprint. These measures accompany the company’s mixed Q3 profits and a year-over-year increase in total revenue, amounting to $544 million.
Looking ahead, Unity Technologies aims to strengthen performance and drive revenue through tighter integration within its core organizations, focusing on its “create solutions and grow solutions” entities, as well as its “Editor, Runtime, and Monetization Solutions.”
This news from Unity Technologies aligns with a recent trend among game development companies and Big Tech firms conducting layoffs. Other companies such as Ubisoft Montreal, Epic Games, and CD Projekt Red have also announced layoffs in line with their own business strategies.
Forbes reported earlier this year that increased utilization of AI or automation within these businesses has been a contributing factor to these layoffs. These measures signify a reversal of the employment practices implemented during the COVID-19 outbreak, reflecting the changing dynamics within the technology industry.
Unity Technologies’ announcement sheds light on the evolving landscape within the game development and technology sectors, demonstrating the need for companies to adapt to shifting market demands and dynamics.
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