All articles tagged with #unity software
Originally Published 1 year ago — by CNBC
Jim Cramer shared his thoughts on various stocks during the "Lightning Round," expressing positive views on Palantir and New Fortress Energy, while being cautious about UiPath and Schlumberger. He also mentioned that he would consider investing in Unity Software if its executive, Jim Whitehurst, presents a compelling story on the show.
Originally Published 1 year ago — by Yahoo Finance
Unity Software's shares dropped over 15% as its 2024 revenue forecast fell below Wall Street estimates, signaling a longer-than-expected turnaround. The company, known for its toolkit used by videogame developers, announced a "reset" following a pricing controversy, including layoffs and a focus on revenue growth. Competitive pressures and restrictions in China are impacting its business segments, with the company estimating significant employee separation costs in the first quarter.
Originally Published 1 year ago — by Yahoo Finance
The metaverse is gaining attention as companies invest in hardware and software for virtual connectivity. Apple, Meta Platforms, and Unity Software are leading the way in this space. Apple's devices and ARKit make it a key player, while Meta Platforms is investing heavily in VR and AI. Unity Software, a leading game engine for virtual worlds, faces challenges but remains valuable to metaverse developers. The future of the metaverse is uncertain, but these companies are poised to be major players, offering potential upside for investors.
Originally Published 1 year ago — by The Motley Fool
The metaverse is gaining attention as companies invest in hardware and software for virtual connectivity, presenting potential investment opportunities. Apple, Meta Platforms, and Unity Software are leading the way in the metaverse. Apple's devices and ARKit position it as a key hardware player, while Meta Platforms is investing heavily in VR and AI. Unity Software, a leading game engine for virtual worlds, faces challenges but remains valuable to metaverse developers. The future of the metaverse is uncertain, but these companies are poised to be major players, offering potential upside for investors.
Originally Published 2 years ago — by Fox Business
Unity Software is laying off 25% of its workforce, affecting 1,800 employees, as part of a "reset" to position the company for long-term profitability. The move, the largest layoff in the company's history, is aimed at restructuring and refocusing on its core business. The gaming technology company, known as the "world’s leading platform for creating and operating interactive, real-time 3D content," anticipates substantial costs associated with the reduction in workforce in the first quarter of 2024.
Originally Published 2 years ago — by Reuters
Unity Software, a videogame software provider, is planning to lay off approximately 25% of its workforce, or 1,800 jobs, as part of a "company reset" aimed at focusing on its core business and driving long-term success and profitability. This marks the company's largest layoff ever and comes after a tumultuous period, including a controversy over new pricing policies and changes in leadership. The layoffs will affect all teams, regions, and areas of the business, and are expected to be completed by the end of March.
Originally Published 2 years ago — by Yahoo Finance
Unity Software, a videogame software provider, is set to cut 3.8% of its global workforce, amounting to 265 jobs, as part of a company reset. The San Francisco-based company, known for its software toolkit used by many videogame developers, will also terminate an agreement with Weta FX, a digital video effects company founded by Peter Jackson. Unity will shut down offices in 14 locations and reduce its office footprint in remaining offices. The company plans to refocus its business and reduce the number of activities it undertakes.
Originally Published 2 years ago — by Reuters
Unity Software, a videogame software provider, is cutting 3.8% of its global workforce, eliminating 265 jobs, and ending an agreement with Peter Jackson's visual effects company as part of a "reset." The company faced backlash in September for imposing new fees on game developers, leading to a drop in share price. Unity's CEO retired in October, and the company is now under interim leadership. In addition to job cuts, Unity will shut down offices in 14 locations and reduce its office footprint. The company plans to refocus its business and reduce the number of activities it engages in.
Originally Published 2 years ago — by CNBC
Palantir's shares rose 2.3% after securing a $250 million contract from the U.S. Army for AI and machine learning testing; Unity Software's stock surged nearly 6% following the announcement of CEO John Riccitiello's retirement and the appointment of James M. Whitehurst as interim chief; Rivian Automotive saw a 3% increase in premarket trading after being upgraded to buy by UBS, citing improved fundamentals and potential upside; PepsiCo's shares rose approximately 1% after beating third-quarter earnings expectations; Ameris Bancorp's stock rose 1% after being upgraded to buy by DA Davidson due to its insulation from unrealized losses tied to higher interest rates.
Originally Published 2 years ago — by CNBC
Disney's shares fell after reporting mixed Q2 results, while Beyond Meat's shares rose after posting better-than-expected Q1 results. Robinhood's revenue for Q1 beat analysts' estimates, and Unity Software's shares popped after beating revenue estimates and sharing strong guidance for the current quarter. Groupon's shares dropped after posting Q1 revenue below expectations, and Sonos' shares fell after reducing its guidance for the second half of the 2023 fiscal year due to softening consumer demand and inventory tightening.
Originally Published 2 years ago — by The Wall Street Journal
Unity Software is cutting around 600 jobs, or 8% of its workforce, in its third and largest round of layoffs in the past year. The San Francisco-based company is also planning to reduce its global network of offices to fewer than 30 from 58 today. Unity's revenue growth slowed significantly last year.