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