Unity Software to lay off 1,800 employees, 25% of staff
Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
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Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
SAN FRANCISCO (KRON) — Unity Software Inc., a San Francisco-based video game software provider, will be laying off 25% of its current workforce, according to a Securities and Exchange Commission filing. The job cuts amount to about 1,800 employees. The job cuts come as the company “restructures and refocuses on its core business,” the filing […]
The San Francisco-based company, which makes software used by video-game creators, said in a filing Monday it can’t yet estimate the costs associated with the moves, which are designed to improve long-term profitability.
This announcement comes after the company faced a significant backlash from customers last fall due to the introduction of new fees, which resulted in the departure of its CEO, John Riccitiello.
Unity announced today it will release fourth quarter and Fiscal Year 2023 financial results after the market close on Monday, February 26, 2024, with a webcast to follow at 2 p.m. PT/5 p.m....