Mindgeek – The parent company of Pornhub has undergone a major restructuring, laying off 125 Employees ~ 10% of its total workforce.
The Luxembourg company hasn’t made an announcement yet, but we hear it firsthand from a number of impacted employees on LinkedIn.
The company the total has around 1,400 employees as of this article, as per their official LinkedIn page.
The company as we know has been in a downward spiral after its recent $500 million lawsuits based on multiple allegations that the company had failed to remove the content and profited of it even if they were posted without the consent of the individuals.
This layoff news was communicated to the employees early on Tuesday – while at the same time CEO Feras Antoon and COO David Tassillo have resigned after more than a decade of running the adult website company. Though, both will continue to be the shareholders of the company.
June 21 (Reuters) – Pornhub-owner MindGeek said on Tuesday Chief Executive Officer Feras Antoon and Chief Operating Officer David Tassillo have resigned after more than a decade running the adult website company.
The executives stepping down was planned since early 2022, MindGeek said, adding that both Antoon and Tassillo will remain shareholders of the company.
