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Approximately 25% of workforce laid off
Image credit:Unity
Image credit:Unity
The quest to appease the immortal share price continues as game engine provider Unity announce that they’re laying off another 1,800 people, or around 25% of their current workforce, in a bid to “position” the company “for long-term and profitable growth”.
“Today, as part of our company reset outlined in our Shareholder Letter on November 9, 2023, we announced that Unity has made the difficult decision to implement a workforce reduction, targeting approximately 25% of our total workforce across all teams,” Ekins wrote. “This decision was not taken lightly, and we extend our deepest gratitude to those affected for their dedication and contributions.”
In addition to cancelling certain products, firing people and closing offices, Unity also declared on 9th November that they would focus on their “core” in the form of the Unity Editor and the runtime fee business, while looking into new monetisation approaches and “significant opportunities” for growth such as generative “artificial intelligence” tools.
Later in November, Unity began putting these plans into effect,cutting 265 jobs and closing 14 offices while ending an agreement with digital effects company Wētā FX.
Best of luck to everybody losing their jobs as part of Unity’s cost-cutting.
