Tapjoy may be one of the fastest growing mobile ad networks in the word today, but the company is still enduring what appears to be some growing pains.
According to published reports from Tech Crunch Tuesday, the company is jostling its executive lineup and laying off an estimated 20 employees.
For now, Tapjoy hasn’t officially confirmed the extent of the layoffs.
With regard to the executive restructuring, Tapjoy’s vice president of global communications, Patrick Seybold, said the following:
We have made changes in our organization to position the company for continued growth. Following the appointment of new executive leadership and a thorough assessment of our Product and Engineering teams, we have decided to re-organize these departments. Jeff Drobick, our CPO, is now in an expanded role and will oversee our Product and Engineering organizations end-to-end. Sean Lindsay, who had been running Tapjoy’s Boston engineering office, is now VP, Engineering for the company, reporting to Jeff.
In conjunction with these appointments, the company is also re-organizing its engineering organization. The changes are intended to address velocity of getting products to market, product quality and scaling the company’s core infrastructure for continued growth.
In addition, there have been some reductions across the company to better align our organization with our business plan and strategic direction. We believe these moves will make us more competitive, productive and will enhance our ability to bring innovative products to market.