The company apparently grew too large during the pandemic. | Image: Getty
Cameo, the company that lets you pay a celebrity to record a custom message or hop on a video call with you, has announced that it’s laying off 87 people, or around a quarter of its staff, according to The Information. According to the report, employees got the news at an all-hands meeting on Wednesday.
The company’s co-founder and CEO Steven Galanis says the layoffs are a “course correction” after Cameo grew massively during the pandemic. The company went “from just over 100 to nearly 400” employees during lockdown, according to Galanis’ statement to Variety. Since then, he says, “market conditions have rapidly changed.” Early in 2021, Variety reported that the company’s revenue was 4.5 times higher in 2020 than it had been in 2019....
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.