Shulou(Shulou.com)11/24 Report--

CTOnews.com, May 5 (Xinhua)-- Unity, which has cut jobs twice in the past year, has begun a new round of downsizing, according to the Wall Street Journal.

Unity will shed about 600 employees this time, accounting for almost 8 per cent of the global workforce. After three layoffs, Unity's headcount has fallen from more than 8000 to about 7000, and the company plans to reduce the number of global offices in the future.

Unity representatives did not comment on the layoffs, but their CEO John Riccitiello told the Wall Street Journal: "it's all about allowing Unity to achieve higher growth. It's clear that there are too many layers in our company."

Reported that in the Unity layoffs, some middle managers will be affected. In addition, starting from June this year, Unity will also switch to a mixed work mode, and employees are expected to work in the office three days a week.

Unlike other companies that cut jobs due to poor performance, Unity recently reported its best quarterly and annual results in the company's history. Their revenue on Q4 reached $451 million (CTOnews.com Note: currently about 3.116 billion yuan), up 43% from a year earlier, the first profitable quarter since Unity became a public company. But the results don't seem to impress investors, with Unity shares down 11% since the start of the year.

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