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

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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

FLY91 partners with IBS Software to power its commerce operations | Company News

Fly91

This provides international and domestic airlines with a solution for last-mile coverage to smaller destinations that are underserved by existing carriers, the statement added.

FLY91, the country’s youngest regional airline, has partnered with IBS Software to power its commercial operations.

FLY91 aims to provide an air alternative to road and rail travel across underserved routes in India.

IBS Software has created a reservation experience designed to deliver a simple, efficient and cost-effective experience, to attract and retain customers, a press release from the company said on Wednesday.