11 ms·

Between this and their license change fiasco it seems like they're trying to speedrun their way to "company most hated by developers". That said they're apparen

by tedivm 3y ago

Between this and their license change fiasco it seems like they're trying to speedrun their way to "company most hated by developers". That said they're apparently making a lot of money doing it, so what do I know.

yodon 3y ago
>They're apparently making a lot of money doing it. No. Unity is not making money, they are losing money. That's the problem. "Reduced losses" means they are losing less money than they were. That's still losing money. Unity was losing money before the licensing fiasco. It's still losing money.
- corethree 3y ago
  That's a better frame. The lay offs were necessary. The title frames it as if the layoffs were unnecessary. The title is technically true but the way it's worded is manipulative.
  - asdajksah2123 3y ago
    There's a lot of companies laying off people even though they're making increasing profits. Unity isn't one of those (even if the C suite was being paid $0 since some are arguing that the top brass salaries are too high). It doesn't make sense to hold them up as an example of a company doing bad layoffs, especially since there's many other very obvious things to criticize them for.
- OskarS 3y ago
  According to the article, they have half a billion dollars in revenue (with currently $154 millon in losses), and that seems plenty to run a company like Unity. Lay-offs are rough, but looking at the numbers, they make sense in a cold-hearted capitalist sort-of way if the goal is to reach profitability. Certainly much more so than the runtime fee thing.
  - giantg2 3y ago
    It really depends. A company has to at least break even for longterm success. Otherwise, there won't be enough money to pay workers.
    - dartos 3y ago
      Tell that to the entire tech sector pre-2020.
      - dragontamer 3y ago
        It's still the truth, even if the tech sector forgot the truth.
  - lotsofpulp 3y ago
    $921M loss in 2022. https://www.macrotrends.net/stocks/charts/U/unity-software/net-income https://www.macrotrends.net/stocks/charts/U/unity-software/n... $570M loss just through Sep 30. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001810806/19c99810-0173-4d43-888c-b5feba311d3f.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001810806/19c9981...
    - riku_iki 3y ago
      That form says that out of 570M loss, 250M was from repurchase of stocks, but maybe they then spend it on RSUs for employees.
      - lotsofpulp 3y ago
        Yes, share buybacks for the purposes of returning cash to shareholders (and dividends) are not expenses on an income statement, hence they are not included in the calculation for net income.
        riku_iki 3y ago
        In this case it is on income statement
eptcyka 3y ago
They're still at a net loss.
deleted 3y ago
[deleted]
ErneX 3y ago
TFA says they are losing 125 million.
- johndevor 3y ago
  Yes, but the top brass are racking in tens of millions.
  - rewmie 3y ago
    > Yes, but the top brass are racking in tens of millions. I agree that leadership should lead by example. However, tens of millions represent a small fraction of the > 100 million hemorrhaging that the company is reporting.
    - edgyquant 3y ago
      10% is not a small fraction
      - robertlagrant 3y ago
        Most of it is shares, not cash. Shares aren't comparable to cash here at all.
    - marcosdumay 3y ago
      That tens of millions is supposed to be each, isn't it? It describes the one individual getting the most, but I don't know how it falls down through the hierarchy.
    - bluefirebrand 3y ago
      If you look at the total compensation of top 5 earners at Unity, it's damn close to 100 million. https://www1.salary.com/Unity-Software-Inc-Executive-Salaries.html https://www1.salary.com/Unity-Software-Inc-Executive-Salarie... The CMO alone makes 32 million? Absolutely wild.
      - 3y ago

by tedivm 3y ago

yodon 3y ago

>They're apparently making a lot of money doing it. No. Unity is not making money, they are losing money. That's the problem. "Reduced losses" means they are losing less money than they were. That's still losing money. Unity was losing money before the licensing fiasco. It's still losing money.

corethree 3y ago
That's a better frame. The lay offs were necessary. The title frames it as if the layoffs were unnecessary. The title is technically true but the way it's worded is manipulative.
- asdajksah2123 3y ago
  There's a lot of companies laying off people even though they're making increasing profits. Unity isn't one of those (even if the C suite was being paid $0 since some are arguing that the top brass salaries are too high). It doesn't make sense to hold them up as an example of a company doing bad layoffs, especially since there's many other very obvious things to criticize them for.
OskarS 3y ago
According to the article, they have half a billion dollars in revenue (with currently $154 millon in losses), and that seems plenty to run a company like Unity. Lay-offs are rough, but looking at the numbers, they make sense in a cold-hearted capitalist sort-of way if the goal is to reach profitability. Certainly much more so than the runtime fee thing.
- giantg2 3y ago
  It really depends. A company has to at least break even for longterm success. Otherwise, there won't be enough money to pay workers.
  - dartos 3y ago
    Tell that to the entire tech sector pre-2020.
    - dragontamer 3y ago
      It's still the truth, even if the tech sector forgot the truth.
- lotsofpulp 3y ago
  $921M loss in 2022. https://www.macrotrends.net/stocks/charts/U/unity-software/net-income https://www.macrotrends.net/stocks/charts/U/unity-software/n... $570M loss just through Sep 30. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001810806/19c99810-0173-4d43-888c-b5feba311d3f.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001810806/19c9981...
  - riku_iki 3y ago
    That form says that out of 570M loss, 250M was from repurchase of stocks, but maybe they then spend it on RSUs for employees.
    - lotsofpulp 3y ago
      Yes, share buybacks for the purposes of returning cash to shareholders (and dividends) are not expenses on an income statement, hence they are not included in the calculation for net income.
      - riku_iki 3y ago
        In this case it is on income statement

eptcyka 3y ago

They're still at a net loss.

deleted 3y ago

[deleted]

ErneX 3y ago

TFA says they are losing 125 million.

johndevor 3y ago
Yes, but the top brass are racking in tens of millions.
- rewmie 3y ago
  > Yes, but the top brass are racking in tens of millions. I agree that leadership should lead by example. However, tens of millions represent a small fraction of the > 100 million hemorrhaging that the company is reporting.
  - edgyquant 3y ago
    10% is not a small fraction
    - robertlagrant 3y ago
      Most of it is shares, not cash. Shares aren't comparable to cash here at all.
  - marcosdumay 3y ago
    That tens of millions is supposed to be each, isn't it? It describes the one individual getting the most, but I don't know how it falls down through the hierarchy.
  - bluefirebrand 3y ago
    If you look at the total compensation of top 5 earners at Unity, it's damn close to 100 million. https://www1.salary.com/Unity-Software-Inc-Executive-Salaries.html https://www1.salary.com/Unity-Software-Inc-Executive-Salarie... The CMO alone makes 32 million? Absolutely wild.
    - 3y ago