TripleLift Layoffs
April 2020
TripleLift announced a layoff affecting 23 employees (7% of its workforce) in April 2020. The company operates in the Marketing sector.
23
7%
Apr 2, 2020
About
TripleLift, an independent ad tech company, laid off 7% of its global workforce and implemented an unspecified number of furloughs, along with compensation reductions for staff and management. The cuts were announced during a virtual all-hands meeting as the company prepares for a challenging quarter, citing advertisers across multiple industries pausing campaigns and causing revenue projections to plummet. This restructuring reflects broader pressures in the ad tech sector amid economic uncertainty.
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