Adtech company PubMatic lays off staffers as it tightens focus on growth areas like connected-TV ads

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• PubMatic conducted a layoff last week as part of a plan to focus on growth areas.
• The layoff affected over a dozen employees, or around 1% of staff.
• PubMatic said it plans to increase its overall head count by 15% despite recent challenges.

PubMatic, the publicly listed adtech company, last week conducted a layoff as it looks to reorient its business toward growth areas like connected-TV advertising, according to four people familiar with the matter.