Unity Software is laying off another 25%, or 1,800 employees, from its workforce this year as it "restructures and refocuses on its core business," its largest layoff yet.
The announcement comes right after the software development company cut off 265 staff last November due to a "reset" in the company. The dismissals are expected to be completed by March.
Unity already told investors earlier that it would implement a "comprehensive assessment" and a financial evaluation that would likely reduce its "office footprints."
The reduction, of course, included "discontinuing certain product offerings" and decreasing its employee count.
This is the fourth round of layoff Unity announced in the past 12 months.
Unity Struggles to Get Back from 2023 Slump
The game engine developers have been struggling over the course of 2023 and it looks like the same problems continue this year.
It can be remembered that the company also faced controversies in September after it announced a pricing change to its platform.
Many game developers were made upset by Unity's decision that some have sent a letter to the company, stating that it "jeopardizes small and large game developers alike."
For perspective, the Unity engine hosts some of the popular games like Fall Guys and several Pokemon mobile titles.
Not soon after, John Riccitiello retired as CEO and chairman of the board. James Whitehurst, former CEO of Red Hat, was named as interim CEO.
Whitehurst is now leading the corporate restructuring in Unity, promising that Unity's latest actions are made "to position itself for long-term and profitable growth."
Shares have slightly grown after Whitehurst announced the reset.
More IT Layoffs Continue in 2024
Unity is not the only gaming company that has been downsizing its workforce over the past months.
Other game developers like Electronic Arts and Naughty Dog contributed to the over 9,000 employees cut off from work in 2023.
It is uncertain if these numbers will reduce in the coming months as many game companies still reported lower revenue increases during the previous quarter.
This can be reflected in the slower growth of the gaming industry since it peaked during the pandemic.
Related Article : IT Jobs Suffer Slow Growth Amid AI Boom in 2023
