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Videogame Industry

All articles tagged with #videogame 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

business3 years ago•2 min saved

Regulators scrutinize Microsoft's $69B Activision buyout amid Xbox's console war loss and exclusive game controversy.

The US Federal Trade Commission has argued in court for a preliminary injunction to block Microsoft's acquisition of Activision Blizzard, citing concerns that the deal would harm competition in the videogame industry. The FTC claims that the merger would give Microsoft's Xbox console exclusive access to Activision games, leaving Nintendo and Sony's PlayStation out in the cold. Microsoft argues that the deal would benefit gamers and gaming companies alike and has offered to sign a legally binding consent decree with the FTC to provide "Call of Duty" games to rivals for a decade. The hearing is scheduled to proceed through June 29.

via Reuters|

#activision-blizzard #antitrust #business