Unity Software to lay off more than 200 workers, some projects 'going in the closet'

Unity Software Inc. is laying off more than 200 employees, making it the latest technology company to implement staff cuts amid mounting recession fears. San Francisco-based Unity U, +2.57% said Tuesday that 284 jobs would be eliminated. Some of those losing their jobs may be rehired for other positions if they apply for openings, the company said. Unity, a

Financial Press

Published

January 18, 2023

unity-software-to-lay-off-more-than-200-workers,-some-projects-'going-in-the-closet'

Unity Software Inc. is laying off more than 200 employees, making it the latest technology company to implement staff cuts amid mounting recession fears.

San Francisco-based Unity U, +2.57% said Tuesday that 284 jobs would be eliminated. Some of those losing their jobs may be rehired for other positions if they apply for openings, the company said. Unity, a provider of tools for creating videogames and other applications, last disclosed layoffs in June, when it cut around 225 jobs. At that time, the company said it was looking to better match the size of its staff with its needs.

Some of the latest cuts at Unity are in response to negative economic trends such as the weak digital advertising market, the company said, while others are aimed at reducing duplication in job roles stemming from a recent acquisition that added more than 1,400 employees to its workforce.

Unity had more than 8,000 employees before Tuesday’s layoffs.

“We’re dealing very specifically with overlap and a handful of projects are going in the closet,” Unity Chief Executive John Riccitiello said in an interview with The Wall Street Journal.

An expanded version of this report appears on WSJ.com.

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