Video game development stock Unity Software (U) would have preferred the calendar hadn’t turned to January. The shares are down 19.5% year-to-date, a far cry from December’s monthly gain of 38.6%. The only silver lining to the false start is U’s struggles has, if past is precedent, the stock pulling back to a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Unity stock has pulled back to its 50-day moving average after a lengthy stretch above it, def ...

Fool.com contributor Parkev Tatevosian discusses Unity's (U -0.66%) decision and what it could mean for investors. *Stock prices used were the afternoon prices of Jan. 12, 2024. The video was published on Jan. 14, 2024. ...

In the latest market close, Unity Software Inc. (U) reached $34.59, with a -0.66% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.The company's stock has dropped by 9.04% in the past month, falling short of the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of 3.52%.Investors will be eagerly watching for ...

KEY TAKEAWAYSShares of videogame development platform maker Unity Software tumbled after saying it plans to lay off 25% of its workforce.The cuts are part of a corporate restructuring plan and mark the company's fourth round of layoffs since July 2022.Unity Software is also severing ties with Weta FX's professional services.Shares of videogame development platform provider Unity Software (U) tumbled 8% Tuesday after saying it plans to lay off about 1,800 employees or 25% of its workforce.The cuts are part o ...

Unity Software is laying off 25% of its staff as it tries to position itself for long-term profitability.    In total, 1,800 people across all teams will be impacted as the company "restructures and refocuses on its core business," according to a Tuesday filing with the Securities and Exchange Commission.The company told FOX Business that the move was part of the company's "reset," which was announced in a shareholder letter in early November.  JOB CUTS SURGED 15% IN MARCH, AND LARGE-SCALE LAYOFFS 'WILL LIK ...

The Unity engine powers many PC/console games and the vast majority of mobile games available on the market today. (Unity image)A fresh round of layoffs at gaming giant Unity Technologies has impacted its office in Bellevue, Wash., resulting in the dismissal of 50 employees in Washington state, according to a new filing.Unity said Monday that it plans to eliminate 25% of its workforce, or approximately 1,800 jobs worldwide. Reuters reports that the dismissals will affect “all teams, regions, and areas of th ...

Unity Software Inc (NYSE:U) announced in a regulatory filing it will eliminate 1,800 jobs, or 25% of its employees, in its largest round of layoffs ever. The move is part of a "company reset" interim CEO Jim Whitehurst warned was coming back in November. At last glance, U was down 5.3% at $36.90, brushing off a price-target hike from Wedbush to $50 from $31.Analysts are still hesitant toward U, with 11 of the 18 in question carrying a tepid "hold" or worse rating, while the 12-month consensus target price o ...

Unity (NYSE:U) layoffs are a hot topic on Tuesday as the video game software company prepares to reduce its total headcount by 25%!These layoffs will see roughly 1,800 Unity employees lose their jobs as the company seeks to focus more on its core business. The video game software company also says that these changes will set it on the path to “long-term and profitable growth.”Unity notes that it expects to suffer charges connected to these layoffs but doesn’t have any exact number ready for investors. It al ...

Unity Software Inc (NYSE: U) is up 5.0% in extended hours on Monday after announcing plans of lowering its global headcount.How many employees will be laid off?Copy link to sectionThe gaming technology company will lay off about 25% of its workforce or some 1,800 employees worldwide as part of a corporate restructuring plan. Unity Software had recently disclosed plans of a “comprehensive assessment” that it told investors would likely include “discontinuing certain product offerings and reducing workforce”. ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...