As SF tech firm Unity cuts another 600 employees, it's a grim indicator that tech layoffs are not quite done yet.
, more than 2.5 billion people play games that are powered by Unity’s framework. Games developed with Unity include the immensely played mobile games Genshin Impact and Pokémon Go, as well as the multiplatform games Cuphead and Fall Guys. Unity, upon going public in 2020, was valued at $13.6 billion at $52 a share.
But Unity also maintains an ads product, allowing game developers to monetize mobile games via advertising. It, like many other tech companies reliant on ad shares, has been hit hard by declining ad revenue. A representative at Unity declined to provide comment to SFGATE, referring to the Wall Street Journal’s report.
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