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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

What FAST Boom? Plex Lays Off 37 Workers, 20% of Staff

Plex

Like kickboxing, we've all been told that free ad-supported streaming TV is the sport of the future. 

Well that boom seems to have charged straight into the teeth of an advertising recession, further evidenced by the fact that Silicon Valley FAST operator Plex just laid off 37 workers, or 20% of its staff, attributing the unfortunate act to the soft ad market. 

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