---
schema_version: "secwatch.filing_event.v1"
accession: "0001595974-23-000002"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:07:58.979279+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnite reduces global workforce by 6% due to CTV integration and SpotX acquisition

## Summary
- Announced workforce reduction of approximately 6% globally on January 19, 2023.
- Reduction driven by elimination of duplicative roles from CTV platform integration.
- Part of previously disclosed integration plan following 2021 SpotX acquisition.
- Company expects to realize operating cost synergies from the reduction.

## SEC filing metadata
- accession: 0001595974-23-000002
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000159597423000002/0001595974-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000159597423000002/mgni-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595974-23-000002
- JSON: https://secwatch.observer/filing/0001595974-23-000002.json
- Plain text: https://secwatch.observer/filing/0001595974-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.