Unity Software to lay off 1,800 employees, or 25% of staff
Publishing timestamp: 2024-01-09 07:48:47
Summary
Unity Software is laying off about 1800 employees, or 25% of its workforce, as part of a corporate restructuring plan. The company is unable to estimate the costs and charges associated with the reduction, which are expected to be incurred in the first quarter of 2024. The stock initially jumped almost 5% in extended trading. This comes after a rough year for Unity, which previously announced layoffs and faced backlash from developers over pricing changes.
Sentiment: NEGATIVE
Tickers: U,
Keywords: breaking news: technology, internet, mobile, technology, business news, unity software inc, social media, layoffs,