Unity to lay off 8% of its workforce
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Re: Unity to lay off 8% of its workforce
#2Didn't PE guys or some one buy Unity. With high interest rates you get reality into business models and squeezing efficiency. I do not know but the next decade does not look like workers' paradise like some have envisioned.
Re: Unity to lay off 8% of its workforce
#3Didn't PE guys or some one buy Unity. With high interest rates you get reality into business models and squeezing efficiency. I do not know but the next decade does not look like workers' paradise like some have envisioned.
Re: Unity to lay off 8% of its workforce
#4I'm sure the Twitter exjerks will claim it's due to "AI."
Re: Unity to lay off 8% of its workforce
#5Didn't PE guys or some one buy Unity. With high interest rates you get reality into business models and squeezing efficiency. I do not know but the next decade does not look like workers' paradise like some have envisioned.
Unity is a public company since September 2020. They did merge last year with a mobile adtech company called IronSource (which had also been public but became a part of Unity).
Re: Unity to lay off 8% of its workforce
#6Unity doubled their headcount across ‘21 and ‘22 by adding ~3500 employees.
Re: Unity to lay off 8% of its workforce
#7Isn't this the third time in a year they've announced layoffs?
Re: Unity to lay off 8% of its workforce
#8The second half of the news, not mentioned in TFA, is that they are going to close around half of their offices worldwide "in the coming years":
https://www.gamesindustry.biz/unity-lays-off-hundreds-more-c...
No info on which offices might be at risk.
Re: Unity to lay off 8% of its workforce
#9Didn't PE guys or some one buy Unity. With high interest rates you get reality into business models and squeezing efficiency. I do not know but the next decade does not look like workers' paradise like some have envisioned.
The only way workers get any say over corporate decisions about things like compensation, layoffs, stock buybacks etc. within the investment capitalism model is if they are organized and control voting seats on the corporate board.
Don't worry, implementing this as the standard in the USA will not result in "Marxist Communism" - it's the norm in Germany today, e.g. VW is controlled by a 20-seat supervisory board where unions control half the votes. The result is neither a shareholder's nor a worker's paradise, but a reasonable compromise.
Re: Unity to lay off 8% of its workforce
#10Isn't this the third time in a year they've announced layoffs?
Yes it is.
"a new round of layoffs--its third within a year" https://www.gamespot.com/articles/game-engine-company-market...