Taboola laying off 6% of workforce, a total of over 100 employees

Taboola founder and CEO Adam Singolda sent out a letter to the company’s employees on Tuesday announcing a significant cutback plan at the digital advertising company. The plan will see 6% of the workforce leave the company, accounting for over 100 employees, with Taboola currently employing over 2,000 people.
Singolda also revealed that the company will be cutting $23 million in marketing and event expenses and another $15 million in capital expense during 2023.

*Source: https://www.calcalistech.com/ctechnews/article/hybe11icxs