Unity caps a turbulent year with layoffs, termination of its Peter Jackson deal
Unity Technologies is laying off 265 people — 3.8% of its 7,000 employees — as it undergoes a “company reset,” according to Reuters. All 256 laid off workers were part of Unity’s Wētā Digital division; several Wētā FX tools and 275 employees were acquired by Unity in 2021 in a $1.6 billion deal.
A Unity representative confirmed the layoffs to Polygon, pointing to the Reuters report “for specifics.” Unity is the video game engine company that games like Pokémon Go, Marvel Snap, Outer Wilds,and plenty more are built on. Wētā FX tools are available to Unity members to assist in character creation, environmental design, visual effects work.
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Alongside the layoffs, Unity is closing 14 offices and ending an agreement with Wētā FX, the new company made of the legendary VFX teams and owned by Peter Jackson, that’s been in place since the Wētā Digital acquisition. (That company was “expected to become Unity’s largest customer in the Media and Entertainment space,” according to the 2021 news release.) The two companies have also “amended certain intellectual property rights between the parties,” according to United States Securities and Exchange Commission filings.
Wētā FX announced, in a statement to fxguide, that will attempt to hire “as many of the team as possible” in a move to expand its research and development capabilities. Unity will keep the tools it acquired, all of which will also be available to Wētā FX, too, it said.
“Unity’s need to refocus its efforts on its core business, and change in its relationship with Wētā FX was not something we had planned for,” Wētā FX said in the statement. “We are endeavoring to hire back as many crew as we can, however, there may be a few roles that we may not be able to
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