Plex lays off 20% of its workforce

follow the Bleeding among technology companies. After the period of rapid growth that they achieved in the middle of the pandemic, due to the increase in the consumption of content and technologies in the confinements by COVID-19, in recent months we have seen how a large number of companies in the sector have begun to make drastic cuts of personal.

Now it is the turn of Plex, the software platform oriented towards multimedia streaming, which has done cuts in your template. Total37 employees have been laid off in all departmentss of the company, an amount that is added to previous layoffs that had been made at the beginning of the year. It may not seem like a very high number, but in a company as small as Plex, It means laying off more than 20% of your total workforce.

Plex is a company that bases most of its business on its client and server application for local content streaming servers. It also has ad services and its own servers, but if companies dedicated exclusively to streaming payment services are in low hours, such as Netflix with its controversial changes in its account policies or Amazon Prime Video looking for new ways to attract customers, For a company as small as Plex, monetizing free software is more complicated.

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