![]() ![]() Indications that another, smaller, round of layoffs took place at the start of 2023.Several Plex backend devs on Reddit sharing their input.Several members of staff have shared information on the layoffs. ![]() Restructuring Plex Long term under four main product areas.Looking to turn things around and back into positive cash flow in 18 months.37 People Laid Off, totally 20% Workforce Affected (All Departments).Original investments in 2019 by PLEX towards ad-funded free streaming services on their platform did not produce the predicted ROI, due to a competitive and oversaturated marketplace.Information primarily stems from a Slack message obtained by ‘ The Verge’.While we adjusted our business plan last year after the shift in equity markets to get us back on a path to profitability without having to cut personnel expenses, the downturn in the ad market in Q2 put significantly more pressure on our business and ultimately it became clear that we would need to take additional measures in order to maintain a confident path to profitability within the next 18 months,” CEO Keith Valoryįor those who do not wish to visit the original article and find out more, you can find the TL DR below: But we believe it is the right thing for the long-term health and stability of Plex. “This is by far the hardest decision we’ve had to make at Plex, These are all wonderful people, great colleagues, and good friends. This was further corroborated by the popular website, The Verge, when they obtained Slack messages that detailed more about the current situation and responses from the CEO of Plex, Keith Valory. Some of the earliest indications came from numerous ex-employee postings on LinkedIn volunteering that they were unfortunately involved in the large-scale layoffs at Plex. Today we want to discuss everything we know about the unfortunate ex-employees of Plex, how the Plex organization is adapting its business model in efforts to remain profitable, and what this might mean for new and existing users of Plex.Īlthough there has been no official statement from Plex on their own platforms, there have been numerous indications of recent events surrounding the layoffs at Plex and changes being required internally, published on several news outlets and social media platforms. Plex, unlike a number of open-source alternatives, is built on a hybrid free and paid subscription service model, with a significant percentage of the more desirable capabilities of the software behind a paid Plex pass. Which is why it came as such a huge shock to many users when it became public knowledge that Plex had recently laid off 20% of its workforce in efforts to maintain profitability. Plex has been around since 2008 and in that time has evolved from being a relatively small fish in the sea of multimedia server applications to becoming one of the biggest names for personal multimedia collections. When it comes to enjoying your personal multimedia collection that you’ve built over decades, while still benefiting from the slick GUI available from third-party streaming services, there are very few better options out there than Plex media server. 6.2 Related What Is Going On at Plex? 20% Staff Layed Off? What is Happening and Should You Be Worried? ![]()
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