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In addition to layoffs and voluntary salary reductions for senior management, the company recently named a new chief executive. After a decade at the helm, founder Jon Niermann has stepped down and has been replaced by Justis Kao, who is now its interim chief executive.
In addition to layoffs and voluntary salary reductions for senior management, the company recently named a new chief executive. After a decade at the helm, founder Jon Niermann has stepped down and has been replaced by Justis Kao, who is now its interim chief executive.
Burbank-based short-form video distributor Loop Media Inc. is implementing strategies to “streamline operations” and demonstrate its value to advertisers after seeing its stock price fall over the last year. In addition to layoffs and voluntary salary reductions for senior management, the company recently named a new chief executive.
Loop Media is leading in the market for connected TV, brokering new partnerships for brand safety and launching a first-of-its-kind self-service advertising platform
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