Unity Software to lay off 1,800 employees, or 25% of staff
Unity Software to lay off 1,800 employees, or 25% of staff
www.cnbc.com
Unity Software to lay off 1,800 employees, or 25% of staff
- 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.
It's great to see the majority of workers paying for the mistakes of that big pricing fuckup that was approved by a minority of people in power. Just a normal day for capitalism, nothing to see here.
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?
Yes, especially when you plan to fuck over all your existing customer base, as was the case here. A lot of Unity employees knew this was a major fuck up, and would have never went with the plan
The second one. It's funny that people think this is an absurd suggestion, too.
Others have already stated the second option as preferred, I'm going to offer up some more context. The obvious contemporary example of this sort of structure is a co-op. There is usually some general manager or CEO-like position that handles day-to-day operations, and major business decisions are decided by a member vote. If that is a little too on the nose, it is not uncommon to have a shareholder vote for major business changes in a more traditional, publically traded, company.
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.
Every worker a member of the board