Unity has Decided to Let Go of 600 Employees And Will Be Closing 28 Offices As A Result
It was recently disclosed that Unity, a market-leading provider of a top-tier game engine, has taken part in a third round of layoffs, finally letting go of 600 people. This news came as a surprise to many in the gaming industry. In addition, there are plans to cut the firm’s footprint by as much as fifty percent, with the shutdown of more than twenty-eight offices scheduled to take place over the next few years.
Since June 2022, Unity has gone through three separate waves of layoffs, the most recent of which was first published by the Wall Street Journal. A significant second round of layoffs occurred in January 2023, following an earlier round that involved more than 500 people. Unity’s operations have slowed down amid a reduction in share price, even though the company reported profitable growth in the prior year.
In today’s economy, one of the simplest ways for businesses to save operating costs is to lay off as many employees as possible. It is a regrettable trend that has affected tens of thousands of individuals in recent months, with major technology companies, such as Microsoft, eliminating as many as 10,000 jobs all at once.
According to an article published in the Wall Street Journal, even after the most recent wave of layoffs, Unity will allegedly still have a workforce of approximately 7,000. On the other hand, the current round of layoffs will still eliminate around 8% of the company’s workforce. An extensive effort to scale back operations is underway. Within the next few years, nearly half of Unity’s offices located across the globe are scheduled to be shut down.
The fact that the Unity engine is used in many high-profile games has helped the company establish a strong presence in the market.
- Sons of the Forest
- Escape From Tarkov
- Call of Duty Mobile
- Pokemon Go
- Genshin Impact
- Fall Guys
Even with all of Unity’s growth and presence, more is still required for it to become stable. Let’s keep our fingers crossed that this is the final round of layoffs at the company situated in San Francisco.
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