Confirmed layoffs though they didn't say how many: https://www.gamesindustry.biz/unity-announces-layoffs-despite-increased-revenue-and-reduced-losses "Unity's revenue increased 69% year-over-year to $544 million, while it reported a net loss reduced by half to $125 million, compared to $250 million during the same period last year. Despite this, Unity has announced more layoffs as a result of a "comprehensive assessment of its product portfolio" at the beginning of its fourth quarter, as detailed in its Q3 2023 report." Blind poster had it right https://www.teamblind.com/post/Unity-is-probably-going-to-do-layoffs-GGSaWgK6
What about vision pro? Lol
Looks like backlash of what their did with their payment plan
“"Unity's revenue increased 69% year-over-year to $544 million, while it reported a net loss reduced by half to $125 million, compared to $250 million during the same period last year.” But CxO need fat paychecks for the holiday! They neef to buy their 20th mansion as Xmas gifts to their grandchildren
No American workers didn’t subsidize anything. Everyone gets a share of the printed money, but just how big of the portion you get.
They get checks, they get subsidized heavily during Covid. IIRC, there is a income cap on those checks. Lots of 0 interest small business loans. Lots people I know live on that. Plus no one is stopping you from buying whatever stock you like
lol i'm half convinced now all these companies are self-imploding so the major shareholders can lock up their $$$$. like i believe these companies actually believe the era of growth and innovation is over
I agree and as you stated in a different post, average American is financially tapped out. Also maxed out on credit card debt. It’s funny the fuuckers in govt bled consumers dry and have 25% of govt debt coming to maturity in 2024…funny that (Tin foil hat on) might be the reason they will cut rates for that pivot. Coincidence? I think not
Money printing is one thing but expense at American people? How? When there are money, there are also more employment, more free checks to everyone. The people on top get more, but think of it in percentage of your total asset.
Unity cannot stop shooting themselves in the foot
I think they’re getting ready to be acquired. I wouldn’t be surprised if a firm like Meta or Apple buys them.
SEC will be all over Apple/meta if they try to buy them out. They could easily do so but they’ll likely have antitrust lawsuits up the ass. Unity is my 2nd largest stock holding, I’d love for them to get bought out but they’ll need a strategic buyout partner as to not ruin the relationship they have with meta/apple.
There was talk about MSFT buying them a few years ago and I think that would’ve been a slam dunk
Untiy is sinking
Think there will be more ?
Game engine development is done
Dude once vision pro goes live…the virtual reality hype train will be taking off and Unity will 🌙