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.
Read the full article on Seeking Alpha
For further details see:
Unity's Planned Cuts Won't Be Enough For Profitability