"Unity Software's Massive Layoffs: 1,800 Employees Cut in Restructuring Move"

1 min read
Source: Hindustan Times
"Unity Software's Massive Layoffs: 1,800 Employees Cut in Restructuring Move"
Photo: Hindustan Times
TL;DR Summary

San Francisco-based gaming firm Unity has laid off 1,800 employees, which accounts for 25% of its workforce, citing reasons such as excessive growth and the need for increased efficiency in 2024. This marks the company's largest layoff ever, with completion expected by the end of March. Despite the recent layoffs, tech experts believe that the number of large-scale layoffs in the San Francisco Bay Area will likely be lower than the levels observed in 2022 and 2023, as companies navigate challenges such as office space concerns and financial health.

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