4 ms·

How did the company get so bloated? Who approved the hiring decisions? Shouldn't well-compensated, forward looking leaders anticipate this?

wilg 3y ago
Bad leadership created this situation, but that doesn't make OP's suggestion any smarter.
- mynameisvlad 3y ago
  Has the obvious bad leadership committed to doing things differently in the future? Generally, an ineffective employee gets laid off when layoffs happen. That would surely be a more effective strategy to financial concerns.
  - skywhopper 3y ago
    I’ve been through enough layoffs to know that the effectiveness of the laid off employees is very rarely factored into the decision of who to get rid of.
  - wilg 3y ago
    They fired the CEO.
- skywhopper 3y ago
  Bad leadership should be removed. If not, then they should get paid less. Pretty straightforward.
  - wilg 3y ago
    They fired the CEO.
johnnyanmac 3y ago
Pandemic happened, people bought more games, Unity got more money right before an IPO. They IPO'd pretty dang high as a result (debuted at $60 or so, peaked at $200). So of course they capitalize on that by trying to expand into other ventures. There's only so much money to make by focusing only on games, and around this time Unreal was making huge ventures into the VFX market. Unity still invested a lot more and expanded on games and VFX as well, but you can still see on their sites a few of the many other ventures they dove into: - Architecture/construction - Automotive - Manufacturing - Energy - aeorspace - retail And on top of all that they aquired quite a few things in the process. Ziva, Parsec, and ofc a big stake in Weta's own tech. Then right before the fall started that had that whole merger-aquisition thing with Ironsource. ---- It's a practice many US companies employ, and while they may not "anticipate" this, they have an easy solution: layoffs. They don't see these layoffs as a failure (maybe the PR hit from the ad price changes, but not the layoffs), just an easy business strategy once it is no longer convenient to keep growing. And again, they aren't punished. Almost everytime a layoff happens in tech the stocks rise a bit. They jumped 3% from this announcement. Investors don't see this as a badly managed company move that shakes faith in the product. Just "oh they gonna make for a better earnings call, better invest!". There's no shame in this stuff where there should be (and there is in some EU countries and most of Asia. You can't just layoff 25% of your staff at the tip of your hat in those countries).

wilg 3y ago

Bad leadership created this situation, but that doesn't make OP's suggestion any smarter.

mynameisvlad 3y ago
Has the obvious bad leadership committed to doing things differently in the future? Generally, an ineffective employee gets laid off when layoffs happen. That would surely be a more effective strategy to financial concerns.
- skywhopper 3y ago
  I’ve been through enough layoffs to know that the effectiveness of the laid off employees is very rarely factored into the decision of who to get rid of.
- wilg 3y ago
  They fired the CEO.
skywhopper 3y ago
Bad leadership should be removed. If not, then they should get paid less. Pretty straightforward.
- wilg 3y ago
  They fired the CEO.

johnnyanmac 3y ago

Pandemic happened, people bought more games, Unity got more money right before an IPO. They IPO'd pretty dang high as a result (debuted at $60 or so, peaked at $200). So of course they capitalize on that by trying to expand into other ventures. There's only so much money to make by focusing only on games, and around this time Unreal was making huge ventures into the VFX market. Unity still invested a lot more and expanded on games and VFX as well, but you can still see on their sites a few of the many other ventures they dove into: - Architecture/construction - Automotive - Manufacturing - Energy - aeorspace - retail And on top of all that they aquired quite a few things in the process. Ziva, Parsec, and ofc a big stake in Weta's own tech. Then right before the fall started that had that whole merger-aquisition thing with Ironsource. ---- It's a practice many US companies employ, and while they may not "anticipate" this, they have an easy solution: layoffs. They don't see these layoffs as a failure (maybe the PR hit from the ad price changes, but not the layoffs), just an easy business strategy once it is no longer convenient to keep growing. And again, they aren't punished. Almost everytime a layoff happens in tech the stocks rise a bit. They jumped 3% from this announcement. Investors don't see this as a badly managed company move that shakes faith in the product. Just "oh they gonna make for a better earnings call, better invest!". There's no shame in this stuff where there should be (and there is in some EU countries and most of Asia. You can't just layoff 25% of your staff at the tip of your hat in those countries).