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Magnite ( NASDAQ: MGNI ) disclosed in a filing Thursday that it is cutting jobs across its global operations by about 6% to eliminate multiple identical positions.
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"The reduction in force is primarily associated with the elimination of duplicative roles resulting from the integration of our CTV platforms and the realization of acquisition operating cost synergies, consistent with our previously announced integration plan following the acquisition of SpotX, Inc. in 2021," Magnite said in the filing.
For further details see:
Magnite slashes jobs by 6% globally - SEC filing