Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
  • 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.
  • aaaaaaadjsf [he/him, comrade/them]@hexbear.netEnglish
    0·
    10 months ago

    The tech bubble is bursting. The CEOs in tech really thought that COVID lockdown era growth would continue infinitely, and seemed to bet their house on it. And now the workers must suffer the consequences, of the actions taken by these executives. It’s all a bunch of nonsense and extremely unfair.