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»layoffs

Programmatic May Have Contributed To More Layoffs At Verve

Story updated to include comments and clarifications from Verve. Verve’s embrace of programmatic video last year may not be panning out. This week, less than one year after acquiring in-app video company Receptiv, Verve experienced its second round of layoffs in just three months, letting 30 staffers go this week, Adweek reported. Sources tell AdExchanger... Continue reading »
by Allison Schiff // April 5th, 2019 //
»
AdColony Cuts More Jobs In The Name Of Profitability – But Can It Compete?

AdColony laid off roughly 10% of its US workforce late last week amid struggles to gain a foothold in the app-install space. Headcount now stands somewhere around 350. The cuts were across sales, IT, finance and product, including the chief product officer position. AdColony confirmed the layoffs, but not the exact number. The beleaguered mobile... Continue reading »
by Allison Schiff // September 24th, 2018 //
»
AdColony CEO Will Kassoy Gets The Boot As Revenue Is Set To Tumble In Q4

AdColony’s Q4 revenue is expected to drop 5-10% more than it did last quarter and CEO Will Kassoy is out, effective immediately. The news caps off a “disappointing” year for AdColony, according to a release late Thursday from parent company Otello Corp. (formerly Opera Software, which rebranded to Otello on Monday). Kassoy, who joined Otello/Opera... Continue reading »
by Allison Schiff // December 21st, 2017 //
»
Yieldbot CEO Explains Why He Laid Off One-Third Of Its Employees

Before Yieldbot CEO Jonathan Mendez laid off one-third of the company’s employees in mid-July, the company had suffered a series of setbacks. With $10 million in funding last year, Yieldbot bet on a header bidding wrapper that didn’t pay off. Instead, AppNexus won the header bidding wrapper wars with Prebid. Then it had a bad... Continue reading »
by Sarah Sluis // September 6th, 2017 //
»
AppNexus Lays Off 13% Of Its Workforce In Reorg

AppNexus laid off 150 of its 1,125 employees on Thursday and Friday, a 13% reduction of its workforce. Internally, the company is telling employees the cuts are part of a reorg that will unify its buy-side and sell-side product groups, which have operated separately until now with distinct engineering, sales and service teams. The company's... Continue reading »
by Sarah Sluis // October 14th, 2016 //
»
Centro Trims 4% Of Workforce To Sustain Tech Investments And Maintain Profitability

Chicago-based ad platform company Centro let go 29 of its 725 employees on Monday, or about 4% of total staff. Unlike other recent layoffs in the ad tech sector – including at Turn, Collective and PubMatic – the cuts were not motivated by a shrinking pool of cash, restless investors or slouching revenue growth. Instead,... Continue reading »
by Zach Rodgers // December 16th, 2015 //
»
PubMatic Lays Off More Than 100, Plans To Refocus On Large Customers

Sell-side platform PubMatic has dismissed more than 100 employees, AdExchanger has confirmed. The layoffs, affecting 20% of the company's global staff, follow an 8% reduction in October. The combined cuts have reduced PubMatic’s workforce from 600 to about 450. Additionally the company lost two key leaders on the publisher and demand side: Evan Adlman, VP of publisher... Continue reading »
by Sarah Sluis // December 8th, 2015 //
»
PubMatic Cuts 8% Of Workforce

Publisher-facing ad platform PubMatic has let go about 50 employees, or 8% of its global headcount of 600. Many of the cuts were in India, where the company has significant development and support operations. The changes were motivated by a desire to improve the overall level of service, including by bringing service teams in-market to... Continue reading »
by Zach Rodgers // October 2nd, 2015 //
»

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