Unity puts 600 people out of work in pursuit of 'higher growth.'
The job cuts follow two previous rounds of layoffs, one in January and one in June 2022, which saw more than 500 people put out of work. The 600 employees let go in this round represent a little more than 8% of Unity's total workforce.
The layoffs come shortly after Unity reported its first profitable quarter since going public in 2022: The company earned revenues offor its fourth quarter, which ended on December 31, 2022, and"record revenue" of $1.39 billion for the full year. That's an awful lot of money, but apparently not enough: Unity's growth apparently slowed last year, and revenue forecasts for the company's next quarter are lower than expected.
Unity is the latest in a long line of tech companies who have cut significant numbers of employees in recent months:
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