Perion Layoffs 2024: What to Know About the Latest PERI Job Cuts

Perion Network (NASDAQ:PERI) layoffs are coming for the company's employees as it seeks to streamline its operations. 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 required its cost-cutting measures. Before this change, a large part of the company's revenue came from its collaboration with Microsoft. With this change, it will only account for less than 5% of Pe ...