close
Business
2 mins to read

Unity cuts 265 jobs, Wētā FX plans to rehire

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.

Liam Rātana Thu, 30 Nov 2023
Key points
  • 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

Want to read more? It's easy.

Choose your best value subscription option

Student

NZ uni students have FREE access (valued at $499) to NBR in 2024.
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Liam Rātana Thu, 30 Nov 2023
Contact the Writer: liam@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • 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.
Unity cuts 265 jobs, Wētā FX plans to rehire
Business,
101937