Taboola Layoffs
September 2022
Taboola announced a layoff affecting 100 employees (6% of its workforce) in September 2022. The company operates in the Marketing sector.
100
6%
Sep 13, 2022
About
Taboola, a digital advertising platform, laid off over 100 employees, representing 6% of its workforce of more than 2,000 people. The cuts were announced by CEO Adam Singolda in September 2022 as part of a broader cost-reduction plan aiming to save $38 million, including cuts to marketing and capital expenses. This restructuring occurred despite recent growth, following the company's public listing via a SPAC merger in 2021, which valued it at $2.6 billion, though its market cap had since declined. The layoffs reflect broader economic pressures in the tech industry during that period.
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