Unity Software Reports First-Quarter Financial Results
Unity Software Inc. reported its first-quarter financial results, with GAAP losses of 75 cents per share but sales exceeding expectations at $460 million. The company saw growth in Create Solutions revenue and a decline in Grow Solutions revenue. Unity anticipates second-quarter revenue to decrease year-over-year, resulting in a 4.84% decline in after-hours trading.
Unity Announces 25% Workforce Reduction and 1,800 Job Cuts
Unity, the popular game engine maker, has announced an additional 25% reduction in its workforce, resulting in 1,800 job cuts. This comes on the heels of 1,300 layoffs since mid-2022, as the company aims to refocus on its core game…