The company plans to reduce its workforce by about 25%, or 1,800 employees, to streamline its business.

With this move, Unity Software aims to restructure and refocus on its core business and position itself for long-term and profitable growth.

The company said it cannot reasonably estimate the costs and charges related to this job cut, which is expected to be substantially incurred in Q1 2024. 

Price Action: U shares are up 2.62% at $40.00 premarket on the last check Tuesday. 

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