Mumbrella reports on the layoffs at PubMatic and Turn spinning it as another wave of consolidation in a space that has experienced explosive growth over the last few years as automated
advertising has taken off". Pubmatic, a sell-side platform, has let 100 staffers go globally, around 20% of its workforce. Turn, a demand-side platform, 57 people or 17% of its staff, reportedly
in business development, HR, marketing and management. "It was unclear at the time of publishing how the Asian parts of these businesses will be affected" but Pubmatic told Mumbrella this morning that
the move was designed to “support our core customers and propel continued growth and profitability in 2016.”
Read the whole story at Mumbrella Asia »
