The world’s leading gaming platform, Unity is planning to layoff employees as part of cost-saving measures. However, the exact number of layoffs at Unity is still unknown.
In its Q3 earnings report, the company said that it is assessing its product portfolio “to focus on those products that are most valuable to our customers” and is “evaluating the right cost structure that aligns with the more focused portfolio.”
The company plans to make changes during the fourth quarter, and they will likely include discontinuing certain product offerings, reducing our workforce, and reducing our office footprint. The company expects to complete its changes before the end of Q1 2024.
Layoffs have become an unfortunate trend in the industry this year. Recently, PricewaterhouseCoopers (PwC), one of the “Big Four” accounting firms has announced layoffs of 600 people in the UK.
Amazon has begun cutting jobs in its Music division, confirming the latest of several rounds of layoffs over the past year that have affected more than 27,000 employees of the retail giant. However, the exact number of employees affected by the layoffs is unknown.
Earlier in March, Amazon said that the company is sacking 9,000 more employees in the next few weeks. The employees mostly in AWS, advertising, and Twitch were impacted by the layoffs.
Previously, CEO Andy Jassy said, “Someone may ask why we didn’t announce these 9,000 role reductions with the ones we announced a couple of months ago.”
“This initially led us to eliminate 18,000 positions (which we shared in January); and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions (though you will see limited hiring in some of our businesses in strategic areas where we’ve prioritized allocating more resources)”, he added.
The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
The major companies that laid off employees include Citi Group, Electrolux, Google, Volkswagen, Wipro, and Salesforce laid off a maximum number of workers globally.
As per trueup, So far in 2023, there have been 1,817 layoffs at tech companies with 403,042 people impacted (1,279 people per day). In 2022, there were 1,557 layoffs at tech companies 243,318 people were impacted (667 people per day).
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