Cardlytics, a digital advertising platform company, announced on November 14, 2022, that it would terminate 51 employees. This workforce reduction occurred as the company underwent strategic changes, including the sale of its Bridg assets to PAR Technology. While the exact percentage of total employees affected was not specified in the announcement, the layoffs were part of a broader restructuring effort. Concurrently, the company appointed John Balen as Chairman. Following the news, the company's shares traded higher in after-hours trading.
