Meet Unity’s new CEO – will he turn things around?

Unity Technologies has a new CEO. This leadership change comes at a pivotal time for Unity – as the company recently laid off a quarter of its staff. Can this new individual at the helm turn things around?

Takeaways

• Unity Technologies appoints Matthew Bromberg as new CEO.
• Bromberg has leadership experience as Zynga COO and EA SVP of Strategy & Operations.
• He replaces John Riccitiello, who resigned amid controversy over a new runtime fee.
• Unity recently cut 25% of its workforce as part of a broader company reset.
• An upcoming earnings report next week will reveal the early effects of these changes.

Unity Technologies has announced the appointment of Matthew Bromberg as its new CEO. Bromberg, who previously held leadership roles as COO at Zynga and SVP of Strategy & Operations at Electronic Arts (EA), steps into the position following the departure of John Riccitiello. Riccitiello, also a former EA executive, stepped down in October 2023 amidst controversy over the introduction of a new runtime fee, a decision that faced significant backlash from the developer community.

Ongoing changes at Unity

This leadership change comes at a pivotal time for Unity, as the company recently implemented a substantial workforce reduction, laying off 25 percent of its staff. This move is part of a broader “company reset” aimed at revitalizing revenue growth and stabilizing the company’s financial footing.

Unity’s forthcoming earnings report next week is highly anticipated, as it will provide the first insights into the company’s financial health following these significant organizational changes. This report is expected to shed light on the initial impacts of the new strategic direction under Bromberg’s leadership. The Unity community and investors are keenly awaiting this update, hopeful for positive news that may signal a strong recovery and a clear path forward for the company.