Overview
In alignment with its 2024 company-wide rstructuring plan, Unity has disclosed its decision to terminate 25% of its workforce. This marks the fourth round of workforce reduction within the past 12 months, emphasizing the company’s ongoing efforts to realign its operations.
Details of Workforce Reduction
According to recent legal filings, Unity specifies that approximately 1,800 individuals across various roles within the company will be affected by the job cuts. CEO Jim Whitehurst conveyed this somber news to all employees through an email, emphasizing the necessity to streamline operations for a focused approach on core business activities and long-term success.
Recent History of Workforce Reductions
This workforce reduction follows previous layoffs of 265 employees in November 2023, as well as additional cuts in May 2023 and January 2023.
Company Commitment and Support
In a statement provided to IGN, Unity assures its commitment to supporting affected individuals: “Today, as part of the company’s restructuring plan outlined in the letter to shareholders on 09/11/2023, we announce Unity’s decision to reduce its workforce, targeting approximately 25% of the total workforce across all groups. This was not an easy decision, and we express our deepest gratitude to those affected for their dedication and contributions.”
Unity pledges to assist impacted employees during this challenging transition, acknowledging the understanding and support received from the community and stakeholders as they navigate these changes together.
Industry Employment Trends
The gaming industry witnessed over 10,000 job losses in 2023, and indications suggest a continuation of similar trends in 2024. Unity’s workforce reduction is reflective of broader industry challenges.
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Source: Insider-Gaming
