I believe you still remember Unity's operation last year.
Last September, Unity announced that it would charge developers for the Unity Runtime starting in 2024, and released details of the different versions.
The move was met with resistance from many developers and developers, and although Unity later issued an apology claiming to change the fee policy, Unity still lost the trust of a large number of cooperative users, and the stock price took a heavy hit, plummeting 16% in 10 days, and its market value evaporated by $2.3 billion.
Today, Unity filed a regulatory filing, which shows that Unity will lay off 25% of its workforce by the end of March this year, involving about 1,800 employees in total.
All of Unity's teams, geographies, and business areas will be affected by this layoff.
Unity said the move was an effort to restructure the company, refocus the company's core business, and improve long-term profitability.
This is Unity's fourth layoff in recent times, and the largest in the company's history.
In January last year, Unity announced layoffs of nearly 300 people, in May, Unity announced another layoff, affecting about 600 jobs, and in November, the company resigned from the company's CEO and the company laid off another 265 employees.
As a SaaS company, although Unity has a large number of customers, its monetization ability is relatively limited due to the problems left over from development, and the company's operational solution business (Grow) even exceeds the revenue contribution of the engine-based creation solution business (Create).
Source: Dolphin Investment Research
Last year, Unity, which was on the cusp, was still quite confident in the revised fee policy, but after so long of bullets, the policy didn't seem to show the same big payoff as Unity had hoped.
Today, Unity has to continue to reduce costs and increase efficiency in order to maintain normal operation, and the situation is quite worrying.