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U - Unity's Planned Cuts Won't Be Enough For Profitability
Unity Software Inc.
2024-01-22 16:24:06 ET
Summary
Unity Software announced a 25% reduction in headcount and operational changes to refocus on core offerings and improve profitability.
The restructuring may negatively impact top-line growth and customer retention, but management may be positioning the company as an acquisition target.
Third party research suggests that future development using Unity's platform has fallen behind. The same research firm also suggested a drop off in AR/VR applications development.