420M in profit is still way too much to be laying off people
Comment on After earning $544 million in its most recent quarter, Unity says even more layoffs are 'likely'
Cheesus@lemmy.world 7 months ago
They didn’t earn $544M, they had $544M in revenue. They lost $124M but it’s all due to their decisions. They have a great operating margin in the 60s and spent all the money elsewhere.
Honytawk@lemmy.zip 7 months ago
slazer2au@lemmy.world 7 months ago
Revenue is not profit.
Revenue is income. Profit is how much they made after some expenses.
Cheesus@lemmy.world 7 months ago
Revenue is how much you sold stuff for. Profit is how much did you make after paying for everything to run your business. They got $544M but spent $668M, so they didn’t make a profit.
echodot@feddit.uk 7 months ago
What are they spending all of it on? Because it certainly not updates to the engine.