MediaUS
Plex Layoffs
June 2023
Plex announced a layoff affecting 37 employees (20% of its workforce) in June 2023. The company operates in the Media sector.
People Affected
37
Percentage
20%
Announced Date
Jun 29, 2023
About
Plex, a free streaming app, laid off approximately 20% of its workforce, affecting 37 employees out of 175 total, due to an advertising slowdown and market saturation in the FAST sector. The layoffs were announced on June 29, 2023, as part of cost-cutting measures to achieve profitability within the next 18 months.
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