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.

Sources contacted Adweek noting how the private equity-owned company had laid off 30 U.S.-based staff as of early Tuesday afternoon with the number continuing to rise throughout the day.

Sizmek leadership later circulated an internal memo among its global employees confirming that it had parted ways with a portion of its workforce in the U.S.

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