Unity Company Lays Off Hundreds Of Employees Around The Globe
Unity game engine developer Unity Technologies has reportedly laid off hundreds of employees over the past month. According to VentureBeat, a total of 263 employees were affected by the series of layoffs as the company responds to a significant drop in revenue following Apple’s crackdown against target advertising in the past year.
A big chunk of the Unity Technologies’ revenue comes from Unity ads and the stricter measures to protect privacy have made it harder for the company to acquire s through targeted ad campaigns. Facebook is apparently also in the same boat.
“As part of a continued planning process where we regularly assess our resourcing levels against our company priorities, we decided to realign some of our resources to better drive focus and our long-term growth,” said Unity Technologies. “This resulted in some hard decisions that impacted approximately 4% of all Unity workforce. We are grateful for the contributions of those leaving Unity and we are ing them through this difficult transition.”
On the subject of , employees in the U.S. were reportedly given one month to look for employment elsewhere and a severance package of two weeks’ pay for every year they worked in the company and three months of health insurance coverage. Employees in Canada and Denmark were given more.
