The chief executive officer (CEO) and chief operating officer (COO) of MindGeek, the parent company of Pornhub, have resigned after more than a decade at the helm of the pornography giant, the ‘Globe and email”.
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Although they remain shareholders in the company, CEO Feras Antoon and COO Tassilo resigned from their positions on Tuesday. The latter are co-owners of MindGeek with reclusive Austrian businessman Bernd Bergmair.
In a statement sent to the daily, the porn giant said the transition plan has been underway since the start of 2022 and that the management team will “manage day-to-day operations on an interim basis” while waiting for replacements to take over. the two management positions are found.
According to two anonymous sources from the “Globe”, MindGeek is preparing to carry out a wave of layoffs in order to compensate for the drop in income that the company has suffered over the past 18 months following a series of allegations that child sexual abuse material and other non-consensual videos had been posted on Pornhub. Since then, Pornhub and its parent company have received a slew of lawsuits.
Following these events, Visa and MasterCard cut ties with the company.
Reference-www.journaldemontreal.com