U - Unity Software To Reportedly Cut 25% Workforce Affecting 1800 Employees Amid Recovery Efforts | Benzinga
In a bid to recuperate from a turbulent period, Unity Software Inc. (NYSE:U) has decided to lay off approximately 25% of its workforce.
What Happened: The software company, based in San Francisco, plans to part ways with about 1,800 employees, as reported by The Wall Street Journal.
This announcement comes after the company faced a significant backlash from customers last fall due to the introduction of new fees, which resulted in the departure of its CEO, John Riccitiello.
Why It Matters: Unity’s recent workforce reduction is part of a series of measures implemented by the company to recover from its challenging period. ...