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Minute Media lays off 12% of workforce, reverses course on VideoVerse after $200 million acquisition

The unicorn says restructuring reflects push for efficiency and long-term growth amid changes in the media market and rising AI-driven disruption, alongside termination of VideoVerse integration.Minute Media has laid off about 12% of its employees. The company employs approximately 500 people in Israel and around the world, meaning the reduction amounts to roughly 60 employees.The company said it has recently implemented a series of organizational changes as part of its ongoing effort to pursue ...

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