Unity will hold the largest layoffs in its history
In a recent report to the U.S. Securities and Exchange Commission, Unity announced plans to conduct a record round of layoffs. She decided to lay off a quarter of the staff, or about 1,800 people.
The cuts will affect all teams, business lines and regions.
The layoffs will be part of the company's "reboot" program, which started at the end of 2023. Recall that Unity now intends to focus on the "core business" (i.e., on the development of the engine and monetization solutions). As the company explains, this will allow it to increase efficiency and accelerate revenue growth. It is assumed that key changes will be made before March 31, 2024.
The last time Unity announced large—scale layoffs was just a month and a half ago - on November 28, 2023, after the termination of cooperation with the special effects studio Weta FX. Then she parted ways with 265 employees. According to the portal's estimates videogamelayoffs.com In total, the company laid off 1,165 people in 2023.
As Reuters noted, investors reacted favorably to Unity's decision to carry out regular layoffs. After their announcement, Unity shares rose by almost 5%. According to Google Finance, at the close of the exchange on the evening of January 8, the company's shares were trading at a price of $38.98 per share.
