VideoAmp Layoffs
April 2020
VideoAmp announced a layoff affecting 21 employees (10% of its workforce) in April 2020. The company operates in the Marketing sector.
21
10%
Apr 8, 2020
About
VideoAmp, a TV and digital advertising measurement firm, laid off approximately 10% of its workforce, affecting about 20 employees out of a total of 200, in early April 2020. The layoffs were a direct result of the economic downturn caused by the coronavirus pandemic, which severely impacted the advertising industry. Concurrently, the company revised its revenue growth projections downward to 30-50% for the year, a significant drop from the 150% growth it had experienced in previous years. As a six-year-old adtech company with substantial venture backing, VideoAmp joined other industry players in implementing cost-cutting measures during this period of widespread disruption.
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