SAN FRANCISCO - Unity Software, known for its widely-used platform for real-time 3D content creation, has announced a significant reduction of its workforce, aiming to cut 25%, or roughly 1,800 employees, in a bid to improve its financial performance.
The company, whose software has been integral in the development of popular games such as Pokemon Go and Marvel Snap, has been focusing on streamlining its operations to bolster efficiency. This strategic move includes the reduction of its workforce and office space, a process that began in May of the previous year.
Investors responded positively to the news, as evidenced by the rise in Unity's stock price by 3.18%. The market's reaction reflects confidence in Unity's restructuring efforts to potentially lead to a leaner, more financially robust organization.
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