Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
  • Unity Software said Monday that it would lay off about 1,800 employees, or 25% of its overall workforce, as part of a corporate restructuring plan.
  • The company said it is unable to “reasonably estimate the costs and charges in connection with this reduction, which it expects will be substantially incurred in the first quarter of 2024.”
  • In October, John Riccitiello retired as Unity’s CEO, while former Red Hat CEO James Whitehurst became interim CEO.
  • Marcbmann@lemmy.world
    0·
    10 months ago

    How do you expect a business to run? Every major business decision go to a vote? Or should a company that is bleeding cash not lay off anyone until the company shuts down and everyone is out of a job?

    • MadhuGururajan@programming.dev
      1·
      10 months ago

      Lay off a few C-Suite. Abolish golden parachutes. It’s not so difficult that a company can’t run for a few months without execs.

      • saintshenanigans@programming.dev
        1·
        10 months ago

        Actually there’s a hidden option C!

        The execs take a fucking pay cut for fucking up their company instead of subsidizing their wealth on the suffering of those who earned them that wealth.

        I know I’m a little liberal on this one but anything over like 200k salaried should mean “I’ve done an amazing job helping the company grow”

        • KepBen@lemmy.world
          1·
          6 months ago

          “If we don’t do what they say they’ll bring the entire economy to a halt, yes this is the best most flawless system imaginable” is definitely an objective and emotionless assessment and not ideological cowardice.