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Company Reset

All articles tagged with #company reset

technology1 year ago•0 min saved

"Unity's Decision to Cancel Ziva Software"

Unity Technologies has decided to discontinue Ziva's software tools, including Ziva VFX and Ziva Real-Time, as part of its ongoing company reset, with the discontinuation taking effect from April 2, 2024. Existing subscribers have the option to maintain access by converting their licenses to a five-year term through the Ziva customer portal. Additionally, Unity has reached an agreement with DNEG for an exclusive perpetual license of the Ziva IP, while retaining ownership of all technology acquired from Ziva Dynamics.

via 80.lv|

#company-reset #discontinuation #dneg

businesstechnology2 years ago•1 min saved

"Unity Software Faces Investor Concerns Amid Uncertain Turnaround"

Unity Software's shares dropped over 15% as its 2024 revenue forecast fell below Wall Street estimates, signaling a longer-than-expected turnaround. The company, known for its toolkit used by videogame developers, announced a "reset" following a pricing controversy, including layoffs and a focus on revenue growth. Competitive pressures and restrictions in China are impacting its business segments, with the company estimating significant employee separation costs in the first quarter.

via Yahoo Finance|

#businesstechnology #company-reset #layoffs

finance2 years ago•1 min saved

"Unity's Stock Plummets on Disappointing Earnings and Forecast"

Unity Software Inc. shares plummeted by over 17% in late trading after the company reported lower-than-expected results and forecasts, including a fiscal first-quarter revenue forecast of $415 million to $420 million, well below the FactSet consensus of $534 million, and a full-year revenue forecast of $1.7 billion to $1.8 billion, compared to analysts' expectations of $2.3 billion. The company also reported a fiscal fourth-quarter net loss of $254 million, or 66 cents a share, and outlined a two-phase company reset to reignite revenue growth.

via MarketWatch|

#company-reset #earnings #finance

business-technology2 years ago•2 min saved

Unity Software Continues Staff Reduction with 25% Workforce Cut

Unity Software, a videogame software provider, is planning to lay off approximately 25% of its workforce, or 1,800 jobs, as part of a "company reset" aimed at focusing on its core business and driving long-term success and profitability. This marks the company's largest layoff ever and comes after a tumultuous period, including a controversy over new pricing policies and changes in leadership. The layoffs will affect all teams, regions, and areas of the business, and are expected to be completed by the end of March.

via Reuters|

#business-technology #company-reset #gaming-industry

business2 years ago•1 min saved

Unity Software Implements Company Reset, Cutting Jobs and Closing Offices

Unity Software, a videogame software provider, is set to cut 3.8% of its global workforce, amounting to 265 jobs, as part of a company reset. The San Francisco-based company, known for its software toolkit used by many videogame developers, will also terminate an agreement with Weta FX, a digital video effects company founded by Peter Jackson. Unity will shut down offices in 14 locations and reduce its office footprint in remaining offices. The company plans to refocus its business and reduce the number of activities it undertakes.

via Yahoo Finance|

#business #company-reset #job-cuts

business2 years ago•2 min saved

Unity Software Implements Staff Reductions in Company Restructuring

Unity Software, a videogame software provider, is cutting 3.8% of its global workforce, eliminating 265 jobs, and ending an agreement with Peter Jackson's visual effects company as part of a "reset." The company faced backlash in September for imposing new fees on game developers, leading to a drop in share price. Unity's CEO retired in October, and the company is now under interim leadership. In addition to job cuts, Unity will shut down offices in 14 locations and reduce its office footprint. The company plans to refocus its business and reduce the number of activities it engages in.

via Reuters|

#business #company-reset #job-cuts

business2 years ago•1 min saved

Clubhouse undergoes major layoffs, resets company direction.

Clubhouse, the audio app that gained popularity during the pandemic, is laying off over 50% of its staff as part of a company "reset." Despite being well-funded, the founders acknowledged that growth came too fast and usage dropped off amid competitors cloning the service and people returning to normal activities. The founders plan to focus on "Clubhouse 2.0" with a smaller, product-focused team, but did not elaborate on what the service may look like going forward. Other live audio services, including Spotify's Greenroom and Reddit Talk, have also struggled.

via Engadget|

#audio-app #business #clubhouse