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.
  • sirdorius@programming.dev
    0·
    11 months ago

    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@lemmy.world
      0·
      11 months ago

      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?

        • saintshenanigans@programming.dev
          0·
          10 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”

      • sirdorius@programming.dev
        0·
        11 months ago

        Every major business decision go to a vote?

        Yes, especially when you plan to fuck over all your existing customer base, as was the case here. A lot of Unity employees knew this was a major fuck up, and would have never went with the plan

      • MadhuGururajan@programming.dev
        0·
        10 months ago

        Lay off a few C-Suite. Abolish golden parachutes. It’s not so difficult that a company can’t run for a few months without execs.

      • deur@feddit.nl
        0·
        11 months ago

        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.