Unity Software to lay off 1,800 employees as part of a corporate restructuring
UUnity Software(U) 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, ...