Unity Cuts More Than 1500 Staff Again Due to Company Reset

Unity, the creator of the popular cross-platform engine developed by Unity Technologies has laid off another 1800 staff after three rounds of layoffs from last year. Around 25% of the working staff have been asked to leave the company due to another reset. The popular tech tycoon in the gaming world has seen its share of downfall since last year after it revamped the pricing model for their platform for all developers.

​

With the staff cut this year, tech enthusiasts are wondering about the future of Unity. The company first started its layoffs in 2022, with around 200 staff having asked to leave the company. That number increased to 1,200 in 2023.

​

Also read: 'Raises Barrier For Indie Devs': Unity Receives Backlash For New Runtime Fee

​

Unity Releases More Workers This Year Due to Company Reset

​

According to Reuter's recent reports, the ongoing layoffs will be concluded by March 2024. Unity announced this decision in a regulatory filing and an internal company memo this week. The news was huge as it caught the attention of many tech workers as they expressed their opinion on the matter. ​The announcement caused Unity's shares to see a slight increase of 5%, as noticed during the after-hours trading. This layoff was Unity's biggest ever, as a massive workforce had to bid farewell to their jobs in the company.

​

Unity's explanation of this decision was brief, as interim CEO Jim Whitehurst stated that they are reducing the number of things they are doing to focus on their 'core' business model and attempting to drive long-term success and profitability. The CEO mentioned this in the memo to all Unity Employees earlier this week. ​No further explanation was offered by the company as many are still waiting on an elaborate response. The memo did not mention any structural changes or power struggles within the company. However, most analysts are suspecting a resource struggle within the company.

​Unity is known for its vast support and being a core to many popular video games, such as Rust, Phasmophobia, Among Us, and server hosting for Apex Legends. The engine has been a technological marvel for almost two decades. ​Despite making a fortune in the past, the company suffered a loss in 2022 with around 1.3 billion as revenue. Following the report, the company slowly began its large-scale layoffs which led to mass cuts. The company still needs to explain more on the company reset, as currently the memo only serves limited information to its users and shareholders.

​

​

​