Unity lays off hundreds to prepare for ad weakness

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The company laid off hundreds of employees. According to posts on Blind, at least 150 employees were laid off.

The company said it had layoffs. Some layoffs were reported a month ago. There were more layoffs this week.

Although it has a large team of engineers working on its game engine, it does not make video games itself. Expansions such as the Epic Games Store and metaverse work are subsidized by the success of the game.

The company said that they realigned some of their resources to better support their long-term growth. The hard decisions that impacted 4% of the workforce were made. The contributions of those leaving Unity are appreciated and we are supporting them.

The Unity game engine has more users than the Unreal game engine, but it depends on revenue from Unity Ads, which is dependent on mobile. In the past year, the ability to target users with user acquisition campaigns has been hurt by Apple's new policy on privacy. This change has hurt Meta's Facebook.

The layoffs affected employees in Canada and the U.S. One month to find a new job, two weeks of pay for every year worked, and three months of health coverage are included in the U.S.'s severance package. More money was given to Canada andDenmark employees.

The shares of the company are down a lot.

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