After-hours movers: Unity Software, Microchip, Extreme Networks and more

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Go back to After-hours movers: Unity Software, Microchip, Extreme Networks and more

Unity Software (U) layoffs a 'painful but necessary reset'

January 9, 2024 9:05 AM EST

Unity Software Inc.'s (NYSE: U) announcement that it will lay off approximately 25% of its workforce, or 1,800 jobs, is a "necessary reset," according to one analyst on Tuesday.

Unity's shares closed over 3% higher on Monday, while they are down just over 1% premarket Tuesday.

Jefferies analyst Brent Thill said... More