Perion Layoffs 2024: What to Know About the Latest PERI Job Cuts
PERIPerion(PERI) Investor Place·2024-06-27 00:48

Perion Network (NASDAQ:PERI) layoffs are coming for the company’s employees as it seeks to streamline its operations. Perion Network is cutting 35 jobs from its Israeli search division. This represents 15% of its workforce in that country. The change comes as it seeks to reduce operations amid sliding revenue. According to Perion Network, these layoffs are the result of Microsoft (NASDAQ:MSFT) changing the advertising revenue around its Bing search engine. This led to lower revenue for the company and requi ...