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

submitted 10 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] 7 points 10 months ago (1 children)

Or should a company that is bleeding cash not lay off anyone until the company shuts down and everyone is out of a job?

Y. E. S.

This isnt as absurd as you think, its not the goddamn employees fault the execs suck ass. If there are performance issues from an employee that is different, but in general these moves are wholely driven by failure at the exec level.

[–] Marcbmann -4 points 10 months ago (1 children)

So because the execs suck ass, everyone should lose their jobs instead of a fraction of the employees. Genius move.

[–] [email protected] 4 points 10 months ago

Because the execs suck ass, everyone will lose their job eventually an yway.