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Unity Changes Royalties Plan; $0.20 per Player Install*

I don't know if this will be enough to fully restore trust in Unity, but it is a positive move at least.
I think the damage is done. Everyone has already pushed to finding new solutions long term, it just doesn't make sense to stay in a contract where this is a looming possibility.

Now for Epic to shit the bed.
 
Some extracts from the official press release

Interesting. So that Reddit post above may not be accurate after all. Though we'll have to see who replaces Unity as the permanent CEO. If it's one of the names listed than I'll pay attention.
 
John Riccitiello fucked around and found out.

With that being said, he will inevitably fail his way up into another CEO position. Let's hope he isn't Jim Ryan's replacement lol
 
The bloodbath continues. We ridin' this layoff-a-thon train all the way to New Year 🥶




(If someone wants to make a thread, feel free).
 
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Unity had seven fucking thousand employees??? That's twice Epic's 2022 reported number! And they don't even make games!! Holy crap, no wonder they're in this mess.
 
The bloodbath continues. We ridin' this layoff-a-thon train all the way to New Year 🥶




(If someone wants to make a thread, feel free).
$1.6B for wasting everyone's fucking time
 
Unity had seven fucking thousand employees??? That's twice Epic's 2022 reported number! And they don't even make games!! Holy crap, no wonder they're in this mess.
They are not working on Unity engine, but the Unity heads thought it was a good idea to spend all the money to buy other companies like Weta that have nothing to do with Unity's core business.
 
They are not working on Unity engine, but the Unity heads thought it was a good idea to spend all the money to buy other companies like Weta that have nothing to do with Unity's core business.
In theory, Weta would have augmented Unity for high end rendering functionality. Like how Unreal is used for film production, Unity would want to get into that space as well
 
In case you thought 2024 wouldn't just be 2023-II Re-Un:birth Inteprologuegrade...


Unity is undergoing yet another layoff, and this time it’s going to affect about 25 percent of its entire workforce, or around 1,800 employees. In a filing with the Securities and Exchange Commission, the company, which makes the popular game engine Unity, said it’s making the cuts “as it restructures and refocuses on its core business, and to position itself for long-term and profitable growth.”
Unity has been through several rounds of layoffs within the past year, with the most recent one affecting 265 workers last November. However, it’s still not clear whether Unity is cutting 1,800 additional workers on top of the layoffs it announced last year. We’ve reached out to Unity for clarification.
 
Unity got a new CEO:

Unity has named former Zynga COO and EA SVP of strategy and operations, Matthew Bromberg, as its new CEO.

And good news! Unity has learned their lesson from last year's fiasco and all the layoffs, which is why this new CEO is going to work hard to regain the trust of developers, repair the company's damage reputationd, strive towards a sustainable future the company that respects both its workers and its clients and lol who am I kidding they're just giving him an absolute crapton loads of money 🤡

What does Bromberg stand to gain from helping Unity achieve its dream of delivering "attractive" levels of revenue growth? According to an SEC filing, the new CEO will net an annual base salary of $850,000 and a target bonus of 100 percent of his base salary, subject to the company's 2024 bonus plan.

He will also receive a sign-on bonus worth $2 million alongside an award of 1,036,055 time-vesting restricted stock units; a time-vesting option to purchase 1,000,000 shares of common stock; and a performance-vesting option to purchase up to 1,000,000 shares of common stock.

What's more, Unity notes that, if Bromberg remains continuously employed with the company until senior executive annual equity awards are approved in 2025, he will be granted equity awards with a target value of $10,000,000, (at least half of which would be comprised of restricted stock units).

Classy.

 
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