Just a few months after its longtime chief executive resigned, a major gaming software developer based in San Francisco is cutting around one-quarter of its workforce.
Unity Software (NYSE:U) will cut around 1,800 jobs as part of a restructuring that will refocus on its core business, the company said in a public filing.
It's unclear exactly how many workers in the Bay Area will be impacted.
"We are … reducing the number of things we are doing in order to focus on our core business and drive our long-term success and profitability,” interim CEO Jim Whitehurst wrote to employees in a memo, according to Reuters.
It's Unity's fourth round of layoffs over the past year.
At the beginning of 2023, Unity cut more than 280 jobs with at least 53 workers impacted in San Francisco.
Around six months later, Unity cut 600 more positions.
And the latest job cuts come less than two months after the company cut close to 300 positions in November, which Reuters reported at the time.
Also in November, Unity confirmed that it would be shrinking its office footprint in San Francisco as it also worked towards shutting 14 other offices around the world.
Unity's now-former CEO John Riccitiello resigned in October after helming the game development company for nine years. He had been with the company for a decade overall.
Riccitiello's resignation came after the company made a controversial fee change for third-party game developers that rely on Unity's gaming engine, a platform that provides the foundation that game developers can build their games on. The company rolled back some of the changes after intense backlash from developers.
Unity's stock closed up more than 3% at market close to $38.98 a share and continued to rise after hours, popping nearly 4% more to reach more than $40 a share.
