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Unity Software to lay off 1,800 employees, or 25% of staff (www.cnbc.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Unity Software said Monday that it would lay off about 1,800 employees, or 25% of its overall workforce, as part of a corporate restructuring plan.
The company said it is unable to “reasonably estimate the costs and charges in connection with this reduction, which it expects will be substantially incurred in the first quarter of 2024.”
In October, John Riccitiello retired as Unity’s CEO, while former Red Hat CEO James Whitehurst became interim CEO.

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[–] [email protected] 79 points 11 months ago (12 children)

It's great to see the majority of workers paying for the mistakes of that big pricing fuckup that was approved by a minority of people in power. Just a normal day for capitalism, nothing to see here.

[+] Marcbmann -23 points 11 months ago (11 children)

How do you expect a business to run? Every major business decision go to a vote? Or should a company that is bleeding cash not lay off anyone until the company shuts down and everyone is out of a job?

[–] KepBen 10 points 11 months ago (2 children)

The second one. It's funny that people think this is an absurd suggestion, too.

[–] [email protected] 2 points 11 months ago

Actually there's a hidden option C!

The execs take a fucking pay cut for fucking up their company instead of subsidizing their wealth on the suffering of those who earned them that wealth.

I know I'm a little liberal on this one but anything over like 200k salaried should mean "I've done an amazing job helping the company grow"

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