Unity have just announced layoffs of 4% of their workforce, or slightly over 200 employees. This comes shortly after a successful IPO near the end of 2020 which was followed by some major acquisitions including the $1.6B acquisition of Weta Digital. In recent months Unity’s stock has fallen drastically, currently trading at under $40 a share, well down from it’s near $200 high.
Initially reported by Kotaku by Nick Statt on Twitter:
Today it was confirmed by Unity that 4% of the workflow have been let go:
From the article on Kotaku:
Layoffs have afflicted Unity’s offices across the globe. Sources tell Kotaku that pretty much every corner of the company has taken some sort of hit, though there’s a concentration in the AI and engineering departments. On Blind, the anonymous messaging board commonly used by employees in the tech industry, Unity staffers say that roughly 300 or 400 people have been let go, and that layoffs are still ongoing. Kotaku’s sources have said the same.
This is all under the leadership of CEO John Riccitiello, who joined Unity in 2014 after leading EA to win Consumerists Worst Company in America in both 2012 AND 2013!
You can learn more about the layoffs at Unity in the video below.