Supply-side platform Magnite is laying off roughly 6% of its staff following the completion of its acquisition of SpotX, according to internal communication viewed by Adweek.
The company is reducing headcount by nearly 60 employees across all departments, and it’s eliminating 45 open positions across SpotX and Magnite, according to the internal note, as part of cost-cutting measures following the April closing of the $1.17 billion deal for SpotX.
“As previously announced, the company is reducing headcount resulting from the SpotX acquisition by approximately 60 people.
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