Digital marketing company Adwerx laid off 40 employees on July 7, 2022, as part of a strategic downsizing. The cuts, representing about 21% of its roughly 150-person workforce, resulted from scaling back new initiatives in non-core verticals to improve profitability amid macroeconomic uncertainty. The real estate and mortgage-focused firm stated it would retain its remaining staff and focus on its core markets, with no further layoffs planned. Affected employees, notified in one-on-one meetings, received severance packages.
