The Wall Street Journal reports that software developer Unity plans to lay off 284 employees. Unity said that some of the layoffs were brought on by weak economic trends, and others were done in response to its recent acquisition of IronSource in November 2022, and a desire to streamline the company’s efforts. Prior to this new string of layoffs, Unity had over 8,000 employees.
CEO John Riccitiello told the Wall Street Journal the company was “dealing very specifically with overlap and a handful of projects are going in the closet.”
Most of the “streamlining” apply to administration positions, but it’s also resulted in the loss of Unity’s sports and live entertainment division. That division was experimenting with technology to watch live and recorded sports games from any angle, but Riccitiello said that it “wasn’t a good time” to bring that technology into the market.