Applovin and Adjust also took up abbreviations
Stories with layoffs in mobile continues. Next up is Applovin, which, in conjunction with its Adjust division, announced massive cuts.
We are talking about the loss of 12% of the team. This is in the area of 300 employees. The nuance is that there is no information about whom the situation affected in the first place.
The layoffs, according to the company’s representatives, are a response to the “recession, economic uncertainty and volatility of public markets.”
It is also important to keep in mind that Applovin is a strategic investor in the gaming companies PeopleFun, Firecraft Studios, Geewa, Redemption Games and Belka Games, as well as the owner of Machine Zone (MZ).
Whether the “economic uncertainty” will affect them is an open question.
