Game software development company Unity has stated that it will “likely” be making cuts to its staff and that it expects to do so before the end of Q1 2024 (presumably prior to April).
This announcement came via the company’s Q3 shareholder letter, which was published yesterday (November 9). In the letter, interim CEO Jim Whitehurst said that while he believes the company has “a significant opportunity to accelerate revenue growth, improve profitability metrics and increase free cash flow generation going forward,” currently, “we are not executing to our full potential.” He added: “We aim to address these opportunities to emerge as a leaner, more agile, and faster growing company.”
