"Unity Software Faces Layoffs and Stock Slide Amid Revenue Miss and Uncertain Outlook"
Game development software company Unity is expected to implement layoffs and other cost-saving measures to improve profitability metrics, according to its Q3 earnings report. The company plans to focus on valuable products, evaluate cost structures, discontinue certain offerings, reduce its workforce, and office footprint. Unity's reputation has suffered after a disastrous pricing model announcement, leading to backlash and a boycott. Layoffs have become a trend in the video game industry this year, despite the company reporting mixed Q3 results within expectations.