Gamera8ID@lemmy.world to Plex@lemmy.mlEnglish · 1 year agoPlex lays off more than 20 percent of its staffwww.theverge.comexternal-linkmessage-square10fedilinkarrow-up122arrow-down10file-textcross-posted to: theandrocollectionhackernews@derp.footechnews@radiation.partytechnology@kbin.socialnews_tech@lemmy.linktechnews@radiation.party
arrow-up122arrow-down1external-linkPlex lays off more than 20 percent of its staffwww.theverge.comGamera8ID@lemmy.world to Plex@lemmy.mlEnglish · 1 year agomessage-square10fedilinkfile-textcross-posted to: theandrocollectionhackernews@derp.footechnews@radiation.partytechnology@kbin.socialnews_tech@lemmy.linktechnews@radiation.party
Thirty-seven people were cut, and the layoffs affect every department at the company, according to a memo from the CEO.
minus-squareTurnItOff_OnAgain@lemmy.worldlinkfedilinkEnglisharrow-up7·1 year ago“the only way to reach profitability under these constraints is to significantly reduce our personnel expenses,” Valory said. Sure, lay people off. I’m sure executive pay and bonuses aren’t going anywhere though.
“the only way to reach profitability under these constraints is to significantly reduce our personnel expenses,” Valory said.
Sure, lay people off. I’m sure executive pay and bonuses aren’t going anywhere though.