UNESCO issues urgent call for appropriate use of technology in education

Learning inequities between students widen when instruction is exclusively remote and online content is not always context appropriate. A study of open educational resource collections found that nearly 90% of higher education online repositories were created either in Europe or in North America; 92% of the material in the Open Educational Resources Commons global library is in English.

  1. Is it equitable?

During the COVID-19 pandemic, the rapid shift to online learning left out at least half a billion students worldwide, mostly affecting the poorest and those in rural areas. The report underlines that the right to education is increasingly synonymous with the right to meaningful connectivity, yet one in four primary schools do not have electricity. It calls for all countries to set benchmarks for connecting schools to the internet between now and 2030 and for the focus to remain on the most marginalized.

  1. Is it scalable?

Sound, rigorous and impartial evidence of technology’s added value in learning is needed more than ever, but is lacking. Most evidence comes from the United States, where the What Works Clearinghouse pointed out that less than 2% of educational interventions assessed had ‘strong or moderate evidence of effectiveness’. When the evidence only comes from the technology companies themselves, there is a risk it may be biased.

Many countries ignore the long-term costs of technology purchases and the EdTech market is expanding while basic education needs remain unmet. The cost of moving to basic digital learning in low-income countries and connecting all schools to the internet in lower-middle-income countries would add 50% to their current financing gap for achieving national SDG 4 targets. A full digital transformation of education with internet connectivity in schools and homes would cost over a billion per day just to operate.

  1. Is it sustainable?

The fast pace of change in technology is putting strain on education systems to adapt. Digital literacy and critical thinking are increasingly important, particularly with the growth of generative AI. Additional data attached to the report shows that this adaptation movement has begun: 54% of surveyed countries have defined the skills they want to develop for the future. But only 11 out of 51 governments surveyed have curriculum for AI.

In addition to these skills, basic literacy should not be overlooked, as it is critical for digital applications too: students with better reading skills are far less likely to be duped by phishing emails.

Moreover, teachers also need appropriate training yet only half of countries currently have standards for developing their ICT skills. Few teacher training programs cover cybersecurity even though 5% of ransomware attacks target education.

Sustainability also requires better guaranteeing the rights of technology users. Today, only 16% of countries guarantee data privacy in education by law. One analysis found that 89% of 163 education technology products could survey children. Further, 39 of 42 governments providing online education during the pandemic fostered uses that ‘risked or compromised’ on children’s rights.

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Media contacts:

Clare O’Hagan: [email protected] +33 (0) 1 45 68 17 29

Elsa Weill: [email protected] +33 630 62 18 75

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Notes to editors:

The Global Education Monitoring Report: Established in 2002, the GEM Report is an editorially independent report, hosted and published by UNESCO. At the 2015 World Education Forum, it received a mandate from 160 governments to monitor and report on progress on education in the Sustainable Development Goals (SDGs), with particular reference to the SDG 4 monitoring framework, and the implementation of national and international strategies to help hold all relevant partners to account for their commitments.

The new technology bringing loved ones back to life through AI | Science & Tech News

When technology entrepreneur Artur Sychov’s father was diagnosed with cancer, he was forced to accept a day may soon come when he wouldn’t be able to speak to him again.

The 38-year-old knew he would give anything to have another father-son conversation after his father’s death.

So, using artificial intelligencehe got to work on a way that could make it happen for others in his position.

Artur has created a virtual reality tool called “live forever mode”. It features digital avatars who can simulate a person’s voice, mannerisms and movements after just 30 minutes of the user being observed.

The goal is for the avatar to live forever online as a memory of its creator so future generations of their family can interact with it.

Artur struggles to see any downsides to it.

“You can get to know the person,” he says. “You can hear their voices… You get to talk to them about different topics, and you get to inject a little bit of their personality.

“And with time, you’d actually be more and more precise. It would be more like them.”

Artur has created his own digital avatar
Image:
Artur has created his own digital avatar

It is just one of the many ways in which companies across the world are reimagining our relationship with the dead – but there are concerns.

“It’s really pushing on that fundamental anxiety that we have about the end of our being,” says Elaine Kasket, a cyber psychologist and author.

“Some people have a lot of anxiety around that… I guess I have a few concerns about playing on those really existential fears as a means of selling your products.”

Elaine Kasket is a cyber psychologist
Image:
Elaine Kasket is a cyber psychologist

Artur’s company Somnium Space is trialling its “live forever mode” at its headquarters in Prague, Czech Republic, before its official launch.

Somnium Space is a 3D metaverse platform that users can access with a virtual reality headset. In this space, they exist as an avatar that can play games, create artwork, attend events and buy and sell virtual goods from other users.

It has already been downloaded 300,000 times since it was set up in 2017, and around 50 to 250 users log into the platform every day.

Artur uses the tool himself, with his avatar styled as a blue robot.

“You sound familiar,” Artur says, wearing a digital headset.

“I’m actually Artur,” his avatar responds.

Artur's digital avatar
Image:
Artur’s digital avatar

The real Artur poses a challenge: “You know I’m Artur. You’re not Artur. Who are you?”

The avatar mocks him: “I can see you’re trying to start a joke there. It seems like you might have got cut off. Want to finish the joke?”

When I try the technology myself, a user known as UltraLord “shakes” my avatar’s hand and greets me with a virtual hug. Despite not feeling a physical sensation, I felt hugged.

Artur Synchov shows Sky's Arthi Nachiappan the technology
Image:
Artur Sychov shows Sky’s Arthi Nachiappan the technology

The idea of ​​continuing your legacy is a driving force for some users.

UltraLord, who is based in Budapest, Hungary, says the concept of immortality is exciting.

“In a way, we all want to live forever in the things that we do, and we want the ideas of us, the legacy of us to live on throughout our generations,” he says.

“So being able to actually create an idea of ​​me that future generations can look back upon and kind of like, say and talk to and reflect on. It’s very exciting.”

He wants his avatar to outlive him so his future relatives can experience it.

He adds: “Instead of my kids having to hear stories of me and kind of make an idea of ​​what they think I am in the past, they can actually talk to me and really know who I was, and that will give them a stronger sense of self.”

Read more:
Woman ‘chats’ to dead mother using AI – with ‘spooky’ results
I lost my job after AI tool assessed my body language

UltraLord is aware he is creating something he won’t be able to control after he has died, but he has made his peace with the idea.

“If it ever goes rogue, then I really don’t know what to do,” he says. “Well, I wouldn’t be able to do anything…”

The “live forever mode” tool is expected to officially launch later this year but there remain unanswered questions.

It will be paid for by a subscription fee, but what that fee will be is undecided, as is who will pay for it after the creator dies.

What is the metaverse?

The metaverse is an umbrella term for 3D immersive virtual worlds in which people can interact with each other and create a shared space.

Many users access these worlds with a virtual reality headset, but metaverse worlds are increasingly accessible on any device with an internet connection.

There are a number of different platforms including Fortnite, Roblox and Meta’s Horizon Worlds.

The total number of monthly active users across metaverse platforms reached 600 million by the end of 2023, according to figures published by Metaversed, the metaverse consultancy.

The same study found that the vast majority of metaverse users are children. Around 84% of users are aged under 18 and 51% of users aged 13 or younger.

The virtual tool allows users to create avatars of themselves that exist after they die
Image:
The virtual tool allows users to create avatars of themselves that exist after they die

Users can buy and sell virtual goods in the metaverse, and their avatars can continue to do this after they die if they have signed up for the live forever mode. But it is up to users to make sure their family can access their accounts and benefit from their posthumous earnings.

Somnium Space says it does not keep any of the data used to train the avatar on its servers. It is all stored locally on the computers of its users across the world, and they can control how much or how little to store.

But what happens to personal data after you die is a point of contention.

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In practical terms, if someone with malicious intent were to get hold of your information soon after your death, and before your family had a chance to decide what happened with your data online, you could be impersonated and your data manipulated, Ms Kasket warns, adding that you could even continue your former employment.

“If you’re a university lecturer, maybe that university will have you keep on lecturing,” he added.

“Whether your family will see any money from that is open to question, because there’s no regulation around this.”

As technology evolves, we are looking at a future in which we can extend our legacies online and connect with dead loved ones in ways we didn’t previously think were possible.

But with that comes a warning: we also have to prepare for these practices to have far-reaching consequences on our legacies and on the real lives of our loved ones.

CERN launches the White Rabbit Collaboration

White Rabbit, an open-source timing technology developed at CERN, has applications far beyond particle physics. To foster its uptake by industry, CERN has launched the White Rabbit Collaboration

WR collaboration
The White Rabbit community gathers to celebrate the launch of the White Rabbit Collaboration. (Image: CERN)

White Rabbit (WR) is a technology developed at CERN, in collaboration with institutes and companies, to synchronize devices in the accelerators down to sub-nanoseconds and solve the challenge of establishing a common notion of time across a network. Indeed, at a scale of billionths of a second, the time light takes to travel through a fiber-optic cable and the time the electronics take to process the signal is no longer negligible. To avoid potential delays, the co-inventors of White Rabbit designed a new ethernet switch.

First used in 2012, the application of this fully open-source technology has quickly expanded outside the field of particle physics. In 2020, it was included in the worldwide industry standard known as Precision Time Protocol (PTP), governed by the Institute of Electrical and Electronics Engineers (IEEE).

What’s more, CERN recently launched the White Rabbit Collaboration, a membership-based global community whose objective is to maintain a high-performance open-source technology that meets the needs of users and to facilitate its uptake by industry. The WR Collaboration will provide dedicated support and training, facilitate R&D projects between entities with common interests and complementary expertise and establish a testing ecosystem fostering trust in products that incorporate the open-source technology. At CERN, the WR Collaboration Bureau – a dedicated team composed of senior White Rabbit engineers and a community coordinator – will facilitate the day-to-day running of the Collaboration’s activities and support its members.

“A key distinctive feature of White Rabbit, as opposed to other technologies that have been developed since, is that it is open source and based on standards”, says Javier Serrano, Chair of the White Rabbit Collaboration Board and co-inventor of the technology . Companies and institutes can therefore adapt it to their needs and incorporate it in their products and systems, while the technology, in turn, benefits from a large community of developers. “The first step to foster industry uptake was to include WR concepts in the IEEE standard. Through this endeavour, we established many links with industry,” said Maciej Lipinski, Chair of the White Rabbit Collaboration Council and senior White Rabbit engineer at CERN.

White Rabbit is used in the finance sector as well as in many research infrastructures, and it is currently being evaluated for application in the future quantum internet. The technology could also play a key role in the future landscape of global time dissemination technologies, which currently rely heavily on satellites. The infrastructure for the dissemination of time is essential to the economy and underpins the most critical national infrastructure. Governments and industry across the globe are therefore striving to find alternatives to distribute a reference time, such as the one WR could offer via optical fiber, with telecom and power grid companies starting to test WR in their networks.

The WR Collaboration comes at a moment when many sectors are undergoing a profound transformation with regards to their technological timing. “The WR Collaboration will provide a neutral gathering point around this open-source technology and define a long-term common vision, establishing a solid ground from which innovation can thrive,” continues Amanda Diez Fernandez from CERN’s Knowledge Transfer group and the White Rabbit Community Coordinator.

To learn more about how to join the White Rabbit Collaboration, go to: www.white-rabbit.tech

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From 21–22 March, the White Rabbit community met at CERN to celebrate the launch of the WR Collaboration. To find out more, listen to the recorded talks of the event.

The Importance of Insurance: Protecting Your Precious Lab Grown Engagement Ring in London

In the heart of London’s vibrant jewelry scene, more couples are opting for lab-grown engagement rings that combine ethical sourcing with breathtaking beauty. A lab-grown engagement ring offers a unique blend of modern sophistication and eco-consciousness. However, once you’ve chosen this exquisite symbol of commitment, it’s essential to protect your investment with comprehensive insurance coverage. This article explores why insuring your lab-grown engagement ring in London is crucial for peace of mind and financial security.

Lab grown engagement rings London are not just jewelry; they represent a significant emotional and financial investment. These rings are crafted with precision and care, often featuring stunning gemstones that rival natural diamonds in brilliance and clarity. For couples in London seeking a sustainable and ethical alternative to traditional diamonds, lab-grown rings are an increasingly popular choice. If you’ve recently acquired a lab-grown engagement ring in London, ensuring its protection through insurance is paramount.

Insurance provides a safety net against unforeseen events that could damage or result in the loss of your precious ring. Imagine losing your ring accidentally while exploring London’s iconic landmarks or having it stolen during a bustling city outing. Without insurance, replacing such a valuable item could be financially burdensome. However, with the right insurance coverage, you can safeguard against these risks and enjoy your ring with confidence.

When insuring your lab-grown engagement ring in London, it’s essential to find a policy that suits your needs. Look for coverage that extends beyond simple theft or loss to include damage and accidental loss scenarios. Ensure that the policy covers the full replacement cost of the ring, taking into account any appreciation in value over time. Additionally, verify if the insurance covers worldwide protection, which is particularly crucial for individuals who travel frequently or reside part-time in London.

One of the key advantages of insuring your lab-grown engagement ring in London is the peace of mind it provides. Knowing that your ring is protected against various risks allows you to wear and enjoy it daily without fear. This peace of mind is especially valuable in a bustling city like London, where life can be fast-paced and unpredictable.

Lab-grown engagement rings in London often hold sentimental value beyond their monetary worth. They symbolize love, commitment, and shared dreams. Losing or damaging such a cherished item can be emotionally distressing. Insurance not only covers the financial aspect of replacement but also helps preserve the sentimental significance attached to your ring.

Furthermore, insurance for your lab-grown engagement ring can be surprisingly affordable, especially when compared to the potential costs of replacement. Many insurance providers offer specialized coverage tailored to jewelry items, allowing you to secure comprehensive protection without breaking the bank.

In conclusion, insuring your lab-grown engagement ring in London is a prudent decision that ensures both its physical safety and your peace of mind. As lab-grown rings continue to gain popularity among couples seeking ethical and stunning alternatives, protecting these precious symbols of love becomes increasingly important. By investing in comprehensive insurance coverage, you can cherish your ring with confidence, knowing that it’s safeguarded against life’s unexpected twists and turns. So, if you’ve acquired a lab-grown engagement ring in London, take the next step towards protecting your investment and preserving its sentimental value—insure it today.

Low Cost Automotive Hire Malang

Automotive car rent

It can be well-liked to easily choose up the automobile on the international airport in Iceland when you land in the nation. Renting a automotive will be the best answer if you plan to travel with friends or family. Trinity Rental offers enticing deals for booking sports activities and luxurious vehicles in Dubai for each style. The firm is ready to supply a person rental plan for customers with completely different requirements. Whether you live within the UAE completely or come from some other country, our specialists are prepared to supply a perfect exotic car rental plan.

If it does, you’ll nonetheless have to purchase the minimal insurance required by the rental company. To discover the best automobile rental supplier in Iceland, we recommend reading the consumer critiques on Guide to Iceland for each automobile rental. Some of the highest-rated automotive rentals in Iceland include Ring Car, Go Car Rental, Blue Car Rental, and My Car. The value consists of fundamental insurance, restricted mileage, free supply to selected locations, 24/7 support, full tank of gas, a child seat, and roadside help. Further gasoline expenditures after refilling a car aren’t included in the luxurious car rental price.

Automotive car rent

Our Auto Car Hire charges are some of the cheapest within the business so make certain to contemplate employing our automotive rent companies for your next journey. As leaders within the Iceland car rental market, Cars Iceland provides extremely competitive prices and excellent customer support. If you’re on the lookout for low cost automotive rental in Iceland coupled with high-quality care and a spotlight, you’ve come to the proper place. Our fleet of recent, well-maintained autos means you don’t have to worry about your automotive breaking down and may focus on having fun with your journey. We supply the most effective choice of Reykjavik car rental options, so even you’re just looking to hire a automotive in Iceland for a day, we’ve obtained you lined. Some rental vehicles in Iceland include a GPS included with the car rental.

Is There A Mileage Restrict When Renting A Car In Iceland?

Despite these challenges, driving in Iceland is also an extremely rewarding experience. The country’s pure magnificence is on full display from the road, with stunning views of glaciers, waterfalls, and geothermal hot springs. And with careful planning and a focus to security, drivers can safely discover all that Iceland has to supply. SUV rentals curiosity prospects who value luxury and area. If you come to the UAE with your loved ones or a quantity of friends, then take into consideration renting such a automobile. Whether planning an extended trip, a family trip, or a enterprise journey, renting an SUV ensures most comfort.

Automobile Rental Costa Rica

Incredibly friendly and useful, special thank you to Caroline Kaiser and Denise Cumoric. I had some minor points with my rental they usually helped me to unravel them. If you’re leaving the automotive, the parking spots are a bit tight. Change or cancel bookings at no extra price at most of our areas worldwide. Located within the heart of Rhodes, Greece, the Ancient Stadium of Rhodes is a historical landmark that gives a novel expertise for guests.

Enterprise Rent-a-car Car Rental Areas In America

Yes, to lease a automobile with Adobe, you must have a legitimate driver’s license that has been issued for over two years. Our workers will deliver your rental automobile outdoors your resort; we presently cowl the vast majority of Greece and Cyprus islands and mainland. Advanced Car Rental Lebanon supplies more than just traditional automotive rental. To guarantee a seamless begin to your journey, our vehicles are rented with a full tank of fuel. It could be appreciated if the vehicle was additionally returned with a full tank; however, if this is not attainable, a refuelling charge might be relevant. The choice of pre-paid fuel is on offer at select locations, and the precise price of the refuelling cost might be available upon vehicle assortment.

This compensation could influence how and the place products seem on this website . However, the credit card data that we publish has been written and evaluated by specialists who know these merchandise inside out. We only suggest merchandise we both pop over to this site use ourselves or endorse. You also can evaluate ourcredit card ranking methodology. Our top precedence is providing distinctive customer service and we try to make your car rental journey as stress-free as possible.

The average value of a car rental in Indonesia can differ based mostly on a selection of elements together with provide, popularity of the automobile, and the way far out you e-book your rental automotive. Below are the most effective prices for Indonesia medium automobile rentals discovered on momondo up to now week. The average value of a small automobile rental in Indonesia is $46.

Dividend stocks: Marico, DB Corp, Sonata Software, 6 others to trade ex-dividend today

Dividend stocks 2023: Shares of DB Corp Ltd, Marico Ltd, Oriental Carbon & Chemicals Ltd, Siyaram Silk Mills Ltd, Sonata Software Ltd, Supreme Industries Ltd, Transport Corporation of India Ltd, Vaibhav Global Ltd, and Venus Pipes & Tubes Ltd will be in focus when the stock market opens today.

The board of directors of these companies have declared dividends for their eligible shareholders.

DB Corp Ltd has declared an interim dividend of Rs 2 per share, the Marico Ltd board has declared a Rs 3 per share interim dividend, Oriental Carbon & Chemicals Ltd has declared an Rs 7 per share interim dividend, Siyaram Silk Mills Ltd has announced Rs 4 per share interim dividend, Sonata Software Ltd has declared an interim dividend of 7 per share, Supreme Industries Ltd has declared an interim dividend of 8 per share, Transport Corporation of India Ltd has declared an interim dividend of 2.5 per share, Vaibhav Global Ltd has declared an interim dividend of 1.5 per share, and Venus Pipes & Tubes Ltd has declared Rs 0.50 per share interim dividend.

Marico— The FMCG major reported a 17.26% increase in consolidated net profit at 360 crore for the September quarter of 2023-24, driven by softer input costs. Its revenue from operations is marginally reduced to 2,476 crore during the quarter from 2,496 crore a year ago.

DB Corp – It reported net sales at 586.04 crore in the September quarter of fiscal year 2024, up 8.85% from 538.40 crore a year ago. Its quarterly net profit stood at 100.26 crore, up 105.53% from 48.78 crore a year ago. Ebitda stood at 167.57 crore in Q2 FY24, up 71.41% from 97.76 crore a year ago.

Sonata Software— The IT services and technology company reported 28% YoY growth in consolidated revenue at 1,912.6 crore for the second quarter ended 30 September 2023. Its EBITDA stood at 220.5 crore, up 33% YoY. Its PAT (profit after tax) stood at 124.2 crore, a growth of 10% YoY.

Supreme Industries–Supreme Industries Ltd posted around a three-fold jump in its profit after tax at 243.19 crore in the quarter ended September 2023, pushed by higher income. Its total income rose to 2,321.38 crore from 2,092.12 in the year-ago quarter.

Transport Corporation Of India— TCI reported a 20.3% rise in consolidated net profit to 87 crore for the quarter ended September 30, 2023. Its consolidated total income in the July-September period increased to 1,004.8 crore over 939.5 crore a year ago.

Oriental Carbon & Chemicals— The company reported a net profit of 8.96 crore in the September quarter of FY 2024, down 4.91% from 9.43 crore a year ago. Its net sales stood at 111.43 crore in the September quarter, down 20.92% from 140.91 crore last fiscal year. Ebitda stood at 24.12 crore in Q2 FY24, down 3.33% from 24.95 crore a year ago.

Siyaram Silk Mills— The company reported a net profit of 61.29 crore in the September quarter of FY 2024, down 23.51% from 80.13 crore a year ago. Its net sales stood at 585.91 crore in the September quarter, down 7.84% from 635.76 crore last fiscal year. Ebitda stood at 99.75 crore in Q2 FY24, down 22.51% from 128.72 crore a year ago.

Vaibhav Global– The company reported a net profit of 29.37 crore in the September quarter of FY 2024, up 28.08% from 22.93 crore a year ago. Its net sales stood at 705.00 crore in the September quarter, up 9.09% from Rs. 646.26 crore last fiscal year. Ebitda stood at 66.91 crore in Q2 FY24, up 28.52% from 52.06 crore a year ago.

Venus Pipes & Tubes— The company reported a 94% jump in its profit after tax (PAT) at 20.2 crore for the second quarter of this fiscal year, compared with 10 crore in the year-ago quarter. Its total sales in the second quarter of this fiscal jumped 51.3% to 191.3 crore, compared to 126.4 crore in the same period last year.

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Published: 07 Nov 2023, 06:40 AM IST

Newgen Software share price rallies over 4% after Jefferies raises target

Newgen Software Technologies share price rallied over 4% on Monday after foreign brokerage firm Jefferies raised target price on the stock. Newgen Software shares gained as much as 4.16% to 1,474.00 apiece on the BSE.

Jefferies maintained a ‘Buy’ rating on Newgen Software Technologies and raised the target price to 1,740 per share, based on 35x PE, implying a PEG of 1.3x, from earlier 1,275.

The brokerage said it was more confident on Newgen’s growth outlook and raised its revenue estimates by 2-3% and EPS estimates by 2-4%.

“We expect Newgen to deliver a strong 26% EPS Cagr over FY24-26E,” Jefferies said.

Also Read: BSE share price has more 25% upside potential, says Sharekhan; here’s why

At its Annual event, Newgen Software’s management highlighted that growth outlook remains strong and recent bookings offer comfort on FY24 growth. The strong growth outlook is driven primarily by India and the Middle East – its core markets – while it continues to scale up in APAC. Management continues to step up efforts to gain traction in the US, especially among the mid-large tier banks.

India is witnessing strong traction and deal sizes have increased by 40% over the last year. Its trade finance product has had 9 large deal wins and provides strong growth visibility in the future.

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The company’s management highlighted that Newgen’s gross margins could expand by 10-12 ppts once they reach a topline of $350 million. However, management plans to re-invest most of the potential margin improvement either to scale up its marketing efforts or to invest in product development in order to accelerate growth.

“This should limit Ebitda margin expansion in the future. We thus expect our FY24-26 margins to remain around the 22% range,” Jefferies said.

Also Read: BCL Industries shares hit life-time high on ethanol supply orders from OMCs

In its base case scenario, the brokerage expects the company to deliver revenue growth of 24% Cagr and EBITDA margin of 22% over FY24-26E.

The key catalyst for the stock would be traction in deal wins, including in the US, leading to higher-than-expected revenue growth, beat in margins, lower receivable/debtor days and favorable currency movement, according to Jefferies.

At 2:40 pm, Newgen Software Technologies shares were trading 1.20% higher at 1,432.00 apiece on the BSE.

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Published: 04 Dec 2023, 02:42 PM IST

Unity Software to lay off 1,800 employees, 25% of staff

Pavlo Gonchar | Lightrocket | Getty Images

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 5% in extended trading.

Unity said in a regulatory filing that the cuts were 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, reducing our workforce, and reducing our office footprint.”

In the filing, Unity said it’s unable to “reasonably estimate the costs and charges in connection with this reduction, which it expects will be substantially substantial in the first quarter of 2024.”

It has been a rough past year for Unity. In May, the company announced a round of layoffs that affected 600 employees, or about 8% of its workforce, a move Unity said was intended to help generate “long-term and profitable growth.”

In September, Unity announced a pricing change that upset numerous developers who rely on the company’s technology to create video games. A consortium of game developers protested the change, saying in a public letter that it “jeopardizes small and large game developers alike” and was “made without any industry consultation.”

The following month, John Riccitiello retired as Unity’s CEO, also stepping down as chairman and leaving the board. James Whitehurst, the former CEO of Red Hat, was named interim CEO while Roelof Botha, the lead independent director of Unity’s Board and a Sequoia Capital partner, became chairman.

While the shares rose more than 40% for the year, they lost almost half their value between July and the end of October. In its third-quarter earnings report, Unity missed analysts’ expectations and didn’t issue quarterly guidance.

“Our results in the third quarter were mixed,” Unity said at the time in a letter to shareholders. “While revenue comes within guidance, we believe we can do better.”

WATCH: Unity Software’s John Riccitiello retires as president and CEO

Unity Software's John Riccitiello retires as president and CEO

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