Unity Software to Lay Off 25% of Workforce Amid Restructuring

The layoffs, affecting approximately 1,800 employees across all teams, are part of a 'company reset' aimed at long-term profitability.

Unity Software is laying off approximately 1,800 employees, or about 25% of its workforce, as part of a company-wide restructuring and refocus on its core business.
The layoffs are expected to be completed by March 2024 and will affect all teams and areas of the business.
This is the fourth round of layoffs within the last year, following a tumultuous period for Unity that included a controversial new pricing policy and the resignation of former CEO John Riccitiello.
Despite the layoffs, Unity's stock price has risen since the announcement of the company reset.
The company's interim CEO, James Whitehurst, stated that Unity is reducing the number of things it is doing in order to focus on its core business and drive its long-term success and profitability.