Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
US-based videogame software provider Unity Software has announced that it will cut 265 jobs or 3.8% of its global workforce until the end of the first quarter of 2024.
As part of the restructuring programme, the company is to close offices in 14 locations like Singapore and Berlin, Germany, as well as significantly reduce its office space in Bellevue, Washington and San Francisco, the United States.
The company is to adjust its remote policy, eliminating the three-day office mandate and reducing ‘full in-office services’ to three days a week in most locations. Unity Software will also amend some of its agreements with the New Zeeland digital visual effects and animation company Wētā FX Limited, which will result in Unity ending its obligation to provide certain services to Wētā.
Unity Software is an American video game software development company based in San Francisco. The company employs about 8,000 people worldwide.
Eurofound (2023), Unity Software, Internal restructuring in World, factsheet number 200583, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200583.
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