Unity Software CTO Steve Collins Resigns After Six Months Amid Company Turmoil
Unity Software CTO Steve Collins Resigns After Six Months Amid Company Turmoil

Unity Software CTO Steve Collins Resigns After Six Months Amid Company Turmoil

News summary

Steve Collins, the Chief Technology Officer at Unity Software, has stepped down after just six months, citing personal reasons according to company representatives. Collins previously served as CTO at King, the mobile gaming company behind Candy Crush. His departure follows a turbulent period for Unity, including controversial pricing changes, the resignation of CEO John Riccitiello, and a 25% workforce reduction totaling 1,800 layoffs. Despite these challenges, Unity expressed confidence in its technology team to continue advancing the company's strategic goals. The stock market reacted to the news with a dip in Unity's shares, reflecting ongoing investor concerns amid internal company upheaval. Analysts maintain an average 'Outperform' recommendation for Unity, though price targets suggest potential downside from current levels.

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