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 o ...

Unity (NYSE:U) layoffs are a hot topic on Tuesday as the video game software company prepares to reduce its total headcount by 25%!These layoffs will see roughly 1,800 Unity employees lose their jobs as the company seeks to focus more on its core business. The video game software company also says that these changes will set it on the path to “long-term and profitable growth.”Unity notes that it expects to suffer charges connected to these layoffs but doesn’t have any exact number ready for investors. It al ...

Unity Software Inc (NYSE: U) is up 5.0% in extended hours on Monday after announcing plans of lowering its global headcount.How many employees will be laid off?Copy link to sectionThe gaming technology company will lay off about 25% of its workforce or some 1,800 employees worldwide as part of a corporate restructuring plan. Unity Software had recently disclosed plans of a “comprehensive assessment” that it told investors would likely include “discontinuing certain product offerings and reducing workforce”. ...

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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 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 ...

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 o ...

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 to ...

Call End: Unity Software Inc. (NYSE:U) Q3 2023 Earnings Conference Call November 09, 2023, 05:00 PM ET Company Participants Richard Davis - Investor Relations James Whitehurst - CEO Luis Visoso - Chief Financial Officer Conference Call Participants Dylan Becker - William Blair Michael Funk - Bank of America Brian Fitzgerald - Wells Fargo Securities Clark Lampen - BTIG Kash Rangan - Goldman Sachs Joshua Tilton - Wolfe Research, LLC Jason Bazinet - Citigroup Richard Davis [abrupt start] Today I'm joined by Ji ...

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 ...

John Riccitiello - Chief Executive Officer, President and Chairman Welcome to the Unity's Second Quarter 2023 Earnings Call. As in prior quarters, we will be providing both GAAP and non-GAAP financial measures. And unless otherwise noted, we will be speaking to the non-GAAP financial measures when describing our results. The Shareholder Letter and our filings on sec.gov include full GAAP to non-GAAP reconciliations. So, for John, you've seen a lot of trends and cycles over your career. What are you kind of ...