Amid Chapter 11 Proceedings, Sizmek Begins Layoffs

Estimates vary, but some say the company cut as much as 80 employees in a single day

The fallout of Sizmek’s Chapter 11 proceedings continues with the ad-tech company confirming on Tuesday that it has parted ways with a number of employees with estimates of the total number of layoffs among its U.S. headcount ranging between 30 and 80.