TripleLift has initiated significant layoffs across several departments due to challenges in the digital advertising sector. The workforce reduction is part of a broader trend impacting the ad tech industry, driven by macroeconomic pressures and reduced ad spend forecasts. WPP has adjusted its global ad spend outlook amid market uncertainty. Concurrently, Elon Musk's xAI is preparing for a major fundraising effort, potentially valuing the company at USD$200bn, significantly higher than its last valuation.
TripleLift has implemented a round of significant layoffs, reducing its workforce across multiple departments and geographies amid macroeconomic pressures and caution in the digital advertising industry.
Elon Musk's xAI is preparing for a fundraising round that could value the company at USD$200bn, significantly more than its previous valuation over a year ago.
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