Plex, the free streaming app, laid off approximately 20% of its staff, TechCrunch has learned, which will affect all departments, including the Personal Media teams.
“This is by far the hardest decision we’ve had to make at Plex,” CEO Keith Valory said in a statement. “These are all wonderful people, great colleagues, and good friends. But we believe it is the right thing for the long-term health and stability of Plex.”
The streaming app gives users a single destination to upload and organize content (video, audio and photos) from their own server while also allowing them to stream it via mobile app, smart TV or desktop.
In recent years, however, Plex has invested in free, ad-supported streaming (FAST) and live TV offerings. The FAST market has become saturated as many companies have entered the space. Plus, the overall advertising industry has taken a hit, making it harder for companies to earn enough revenue.
Valory noted in his statement that the company was significantly impacted by the slowdown. “While we adjusted our business plan last year after the shift in equity markets to get us back on a path to profitability without having to cut personnel expenses, the downturn in the ad market in Q2 put significantly more pressure on our business and ultimately it became clear that we would need to take additional measures in order to maintain a confident path to profitability within the next 18 months,” he said.
He added that the company is still expected to see 30% growth this year.
According to a Slack message from Valory, obtained by The Verge, which first reported the layoffs, Valory noted that 37 employees would be impacted.
Additionally, it seems that Plex may have had another round of layoffs earlier this year. Five months ago, a former account executive posted on LinkedIn that they were “affected by company layoffs.”
As of January, the company had 175 employees, and its revenue was in the double-digit millions.
Updated 6/29/23 at 12:10 p.m. ET with a statement from CEO.
I have tried the plugins, they just don’t work as well as smart audiobook player.
I have a huge audiobook library, I was fully prepared to do all the processes to move and organize my mess of a library to get it working with Plex. I’m sure you’ve seen the GitHub guide floating around.
But when it came time to sit down and configure my server for audiobooks, ebooks, tv, movies, and music, I found that audiobookshelf just did a way better job with less of a headache. My current stack is Beet.io with audible support to move my already downloaded library into a better folder and naming structure. Once I get those all finished I won’t have to use this step. This gets stuff about ~80% of the way there except when the source is really messed up.
From there I have Readarr looking at the Beets destination folder and managing downloads. This is pretty good for getting most of the rest of the info with some clean up and is similar to setting up other Arrs. Then audiobookshelf for final tweaks and browsing/downloading.
It’s quite a pain to ingest an initial large library but for new downloads it’s been pretty seamless. Way easier and more consistent than having to do most of this anyway plus fight with Plex. I do still want them to add support, though.
The audiobookshelf app is pretty good for browsing and downloading but I think the player is way worse than Smart Audiobook Player. But what I do is just use the audiobookshelf app to download the books to Smart’s library folder and then use the best player app for listening.
Thanks! I’ll check out audiobookshelf.