Unity Software cancels its agreement with Wētā FX, leading to 265 layoffs. Wētā FX pledges to rehire staff, navigating through a major industry shake-up.
Weta Digital is set to close, leading to the loss of 265 jobs.
What's at stake: The future of 265 employees and the trajectory of visual effects technology is in the balance following Unity's strategic shift.
Background: Unity Software's termination of its agreement with Wētā FX, following its 2021 acquisition of Wētā Digital, has led to significant job cuts and operational changes.
Key players: Unity Software, Jim Whitehurst, Wētā FX, Sir Peter Jackson.
In a significant development in the tech industry, Unity Software has announced a major restructure that includes the closure of Wellington-based digital visual effects and animation company Wētā Digital, leading to the loss of 265 jobs.
This follows the acquisition of Wētā Digital by Unity in
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What's at stake: The future of 265 employees and the trajectory of visual effects technology is in the balance following Unity's strategic shift.
Background: Unity Software's termination of its agreement with Wētā FX, following its 2021 acquisition of Wētā Digital, has led to significant job cuts and operational changes.
Key players: Unity Software, Jim Whitehurst, Wētā FX, Sir Peter Jackson.
