Unity Software to Cut 1800 Jobs in Wake of Runtime Fee Fiasco
A quarter of all employees.
The price of Unity Software's surreal own goal last year was being felt after the next stage in its "company reset" mandate was revealed. The company said (in regulatory filing and internal company memo on Monday) it would target laying off approximately 25% of its workforce, some 1800 jobs, across all business areas. Following the announcement, shares in the company went up almost 5% in after-hours trading.
Reuters reports the sorry state of affairs, which will be the San Francisco-based tech company's largest-ever round of layoffs, expected to be completed by March. What effect this reduction will have on the industry at large remains to be seen; more than a million game creators use the company's expansive software toolkit each month.
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