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Ad tech company AppNexus is restructuring and cutting 150 jobs as its gears up for its IPO

AppNexus, one of the companies hotly tipped to be the next ad tech IPO, is restructuring and laying off more than 13% of its staff as it prepares to go public. The New York-based company will shed 150 roles, bringing its headcount down from 1,125 to around 975, a company spokesman confirmed. The thinking behind the restructure is that the company currently has two separate business units: A division providing technology to help advertisers buy ads and a division to help publishers sell ads.
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