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Latest round of Unity layoffs impacts 50 Seattle-area employees
GeekWire· 2024-01-10 03:21
The Unity engine powers many PC/console games and the vast majority of mobile games available on the market today. (Unity image) A fresh round of layoffs at gaming giant Unity Technologies has impacted its office in Bellevue, Wash., resulting in the dismissal of 50 employees in Washington state, according to a new filing. Unity said Monday that it plans to eliminate 25% of its workforce, or approximately 1,800 jobs worldwide. Reuters reports that the dismissals will affect “all teams, regions, and areas of ...
Unity Software Stock Skids Lower After Layoffs
Schaeffers Research· 2024-01-09 23:20
Unity Software Inc (NYSE:U) announced in a regulatory filing it will eliminate 1,800 jobs, or 25% of its employees, in its largest round of layoffs ever. The move is part of a "company reset" interim CEO Jim Whitehurst warned was coming back in November. At last glance, U was down 5.3% at $36.90, brushing off a price-target hike from Wedbush to $50 from $31. Analysts are still hesitant toward U, with 11 of the 18 in question carrying a tepid "hold" or worse rating, while the 12-month consensus target price ...
Unity Layoffs 2024: What to Know About the Latest U Job Cuts
InvestorPlace· 2024-01-09 22:28
裁员计划 - Unity公司计划裁员25%,约1800名员工将失去工作[1] - 公司预计将因裁员而产生费用,但尚未公布具体数字[2] - 公司此前曾在2023年7月裁员600名员工,还因定价计划变更引发争议,导致CEO辞职[4] 公司困境 - Unity在2023年经历了许多困难,包括Q3盈利报告不佳,公司可能在发布2023年Q4盈利报告时面临更大挑战[3]
Unity Software to lay off 25% of its workforce
Invezz· 2024-01-09 07:45
裁员计划 - Unity Software Inc (NYSE: U)宣布计划裁员全球约25%的员工,约1800名员工将受到影响[1][2][10] 财报表现 - 公司在最新的财报季度中未能达到收入预期,并且没有提供未来的业绩指引[3][12] 股价表现 - 公司股价自裁员计划公布以来上涨了近60%[4]
Unity Software's 'company reset' means laying off 25% of its workforce
Proactive Investors· 2024-01-09 07:36
About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine. Read more About the publisher Proact ...
Unity Software to lay off 1,800 employees as part of a corporate restructuring
CNBC· 2024-01-09 06:24
Unity Software said Monday that it's cutting 1,800 jobs, or about 25% of its workforce, in the latest round of layoffs at the gaming technology company. The stock jumped almost 4% in extended trading. Unity said in a regulatory filing that the cuts are part of a corporate restructuring plan. The company told investors in November that it would implement a "comprehensive assessment" of its product portfolio and conduct a financial evaluation that would "likely include discontinuing certain product offerings, ...
Unity Software to cut 25% of staff amid restructuring
Market Watch· 2024-01-09 06:06
Virtual-reality design firm Unity Software Inc. U, +3.18% on Monday said it planned to lay off around 1,800 employees, or 25% of its staff, amid efforts to focus on its core business. The company, whose software is used by the film and videogame industries, said it expected the dismissals to take place largely in the first quarter, but said it couldn’t yet estimate the costs for things like severance and employee benefits. Monday’s announcement comes after the company in November said it planned to close of ...
Unity Software Inc. (U) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-01-05 08:35
The most recent trading session ended with Unity Software Inc. (U) standing at $37.05, reflecting a +0.32% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.34%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.56%. The the stock of company has risen by 17.24% in the past month, leading the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56%. The investment community will be paying close attention ...
Unity Software(U) - 2023 Q3 - Earnings Call Transcript
2023-11-10 08:30
公司业绩总结 - 公司发布了2023年第三季度财报和股东信,CEO强调了三个重要点[6] - UGS业务在本季度表现不如预期[48] - 需要加快业务增长速度[48] 公司未来展望 - 公司计划在第四季度进行产品组合的全面评估,并在第一季度末完成相关变更[15] - CEO强调了公司在未来三到五年的愿景,包括成为创作者社区的信任领导者和企业和个人创建和互动3D内容的首选选择[12][13] 公司新产品和新技术研发 - AI产品Muse和Sentis的发展进展令人兴奋[60] - 公司在Amsterdam的Unite大会上将有更多关于AI产品的信息[61] 公司市场扩张和并购 - 公司将调整成本结构以改善利润率,并将在未来几个月宣布裁员和办公地点的减少[16] - 公司正在进行裁员和重新调整业务结构,以提高效率和盈利能力[76][78][79] 其他新策略 - 公司需要专注于核心业务,确保实现其全部潜力,同时提高执行力和效率[23] - 公司需要专注于制定正确的关键绩效指标(KPIs),并建立有效的运营模式[25][28][31]
Unity Software(U) - 2023 Q3 - Quarterly Report
2023-11-09 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 001-39497 UNITY SOFTWARE INC. (Exact name of registrant as specified in its charter) Delaware 27-0334803 (State ...