Chinese smartphone brand iQoo is all geared up for the launch of its latest flagship smartphone called the iQoo 12. The iQoo 12 is the successor to the iQoo 11, which was launched in India at a starting price of Rs. 59,999. Ahead of the launch of its latest flagship, iQoo has now announced a new Priority Pass for its users. The pass will get interested buyers of the upcoming iQoo 12 smartphone early access to the sale, among other things. The flagship smartphone is set to launch in India on 12 December.
Unity say layoffs “likely” as they recover from disastrous pricing plan rollout and look to AI for growth
13.11.2023 - 19:52 / rockpapershotgun.com / Jim Whitehurst / Ai
Unity have said that they expect to lay off staff in the coming months, following the engine maker’s catastrophic rollout of their new pricing plan earlier this year and as they turn towards a more “focused” offering, including the likes of AI, for growth.
In their latest Q3 earnings report (via The Verge), Unity acknowledged the disastrous introduction of their proposed runtime fee announced in September, which was ripped to shreds by devs for its suggestion of charging them every time a player installs a game.
Amid widespread criticism, big-name devs quickly announced plans to move away from Unity as a result, prompting an apology from Unity that promised changes - including dropping the fee for devs using Unity Personal and those who don’t upgrade to the newest 2024 release of their Pro and Enterprise, meaning older games would be exempt. The changes also include allowing devs to self-report their install numbers - rather than relying on “estimates” feared to be open to fraud or manipulation by bad actors - and the option to instead pay a set 2.5% revenue share.
“At the end of September, we introduced runtime fees on the Editor to complement our seat-based subscriptions, a critical step to make Create a sustainable business,” said Jim Whitehurst, Unity’s interim CEO following the resignation of long-term chief John Riccitello last month, in the earnings report. “While we did not expect the introduction of the fees to be easy, the execution created friction with our customers and near-term headwinds. We expect the impact of this business model change to have minimal benefit in 2024 and ramp from there as customers adopt our new releases.”
The report revealed that Unity’s Q3 results had been “mixed”, falling within their expectations thanks to reduced overall losses but slow growth. Create Solutions revenue remained mostly flat despite a bump in subscriptions due to coming off record numbers in 2022 and a drop in revenue in China as the result of government restrictions on video games.
As a result, Unity said that they would “likely” join the number of video game companies making layoffs in recent months as they look to “become a leaner, more agile, faster growing company” via a number of “interventions”.
“This will likely include discontinuing certain product offerings, reducing our workforce, and reducing our office footprint,” Whitehurt confirmed.
The cutting of products, jobs and office space will accompany a tighter focus on what Unity called their “core” in the Unity Editor and Runtime, as well as what they refer to as “Monetization Solutions”. Among the “significant opportunities” Unity mentioned as being prime for growth is AI.
“Several weeks ago, we started a comprehensive
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