Unity game developer announced that John Riccitiello will be stepping down as president and CEO of the company, effective immediately. James Whitehurst, previously a senior advisor and president at IBM, will take over as interim CEO. This leadership transition comes at a challenging time for the company.
Just a month ago, Unity faced significant backlash over its plan to charge developers for game installations. In response, the company made significant concessions to its developer pricing model. These changes will directly impact developers, publishers, and distributors. Additionally, Unity has recently undergone a series of massive layoffs as part of its cost-cutting efforts.
Despite these challenges, Unity remains optimistic about its financial performance. The company expects third-quarter revenue to be between $540 million to $550 million, representing a 67 to 70 percent increase from last year.
This article was originally published on Engadget at…
2023-10-09 18:14:22
Source from www.engadget.com
