Unity shares have declined after the company reported a revenue miss and indicated potential layoffs, discontinuation of products, and office space reduction. The restructuring plans are expected to include staff cuts and discontinuation of certain products. The company's Q3 2023 financial report mentioned the minimal benefit of the controversial runtime fee policy in 2024.
Unity May Cut More Staff, Offers No Financial Guidance. What Wall Street Says. https://t.co/5FFUKewCCO
Unity Software $U just opened the day trading at new 52 week lows https://t.co/IjSxUFRR5q https://t.co/h9tBzrH78Q
$U (-13.6% pre) Unity (NYSE:U) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops 13.2% https://t.co/BLT8FJZB74
Unity "likely" to announce layoffs to cut costs https://t.co/YQtnEU5H4s https://t.co/hvVNJz0RKy
80Level: .@Unity has published a financial report for Q3 2023, saying the impact of the controversial runtime fee policy "to have minimal benefit in 2024." Its restructuring plans might lead to layoffs and some products disappearing. Learn more: … https://t.co/O75tLNk9Hj
Unity is reviewing its product portfolio and says layoffs are "likely" Interim CEO Jim Whitehurst said interventions will "likely include discontinuing certain product offerings, reducing our workforce, and reducing our office footprint" https://t.co/wztnRYXBsH https://t.co/p2UNDapJWG
Unity has said it expects to lay off some staff in the next few months as part of structural changes that will also likely result in the discontinuation of certain products. https://t.co/k22CQYVKL0 https://t.co/iEw4ia0cYr
Unity is probably going to do layoffs https://t.co/auJFlzM6PD
Unity shares slide as the company posts a revenue miss and skips guidance https://t.co/c3FBmXzKzT
Unity shares slide as the company posts a revenue miss and skips guidance https://t.co/QAsWb0bBg4
Unity $U may discontinue certain products, cut staff and cut office space Oh what happened to bull market? Just another bear market rally? Oh, ok https://t.co/tNrN6Eebvb