Plex lays off 20% of its workforce amid advertising slowdown

Plex, the free streaming app, laid off approximately 20% of its staff, TechCrunch has learned, which will largely affect the Personal Media teams and likely other departments.
Plex didn’t immediately respond to a request for comment.
The streaming app gives users a single destination to upload and organize content (video, audio and photos) from their own server while also allowing them to stream it via mobile app, smart TV or desktop.
In recent years, however, Plex has invested in free, ad-supported streaming (FAST) and live TV offerings. The FAST market has become saturated as many companies

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