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Unity Software, a leading game software provider, is undergoing a significant workforce reduction, cutting approximately 25% of its total employees, equating to around 1,800 roles. The company disclosed this move in a filing with the US Securities and Exchange Commission, citing the need to restructure and refocus on its core business for sustained long-term and profitable growth.
The specific cost reduction from these layoffs was not disclosed, with Unity stating that it cannot currently estimate the costs and charges associated with the reduction. The layoffs are anticipated to primarily involve employee transition, severance payments, and employee benefits.
Unity Software, renowned for its game development engine used in popular titles like Pokemon Go and Call of Duty: Mobile, has undergone these layoffs under the leadership of CEO James Whitehurst, who took over from former CEO John Riccitiello. Whitehurst aims to steer Unity through economic challenges and heightened competition in the gaming industry.
This move follows previous layoffs in May 2023 (8% reduction) and November of the same year (approximately 265 employees). The company underscores these cost-cutting measures as crucial for achieving long-term and profitable growth.
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