Technology

The company behind celebrity cameo videos has laid off a quarter of its employees

Cameo, the company that lets you pay a celebrity to record a custom message or video call you, has announced it is laying off 87 employees, or about a quarter of its workforce The information. According to the report, employees received the news on Wednesday at a meeting of all parties involved.

Company co-founder and CEO Steven Galanis says the layoffs are a “course correction” following Cameo’s massive growth during the pandemic. According to Galanis, the company grew during the lockdown “from just over 100 to almost 400” employees diversity. Since then, he says, “market conditions have changed rapidly.” In early 2021, diversity reported that the company’s revenue in 2020 was 4.5 times higher than in 2019. Galanis told the outlet the success was partly due to so many actors turning to the platform after other projects were shelved had been, and predicted that they would remain.

It sounds like that prediction hasn’t quite come true as the company is now shrinking its workforce by a significant amount.

Today was a brutal day at the office. I've made the painful decision to let go of 87 beloved members of Cameo Fameo. If you want to hire hungry, humble, smart, friendly, curious, learning machines who love to win - and you see cameo on their resume - look no further.

The tweet announcing the layoffs of Cameo’s CEO.

On twitterGalanis urged other companies to hire the fired members of “Cameo Fameo.” While it’s a nice feel, the audio is…awkward, to say the least. Unfortunately, managers saying their company is like a family and then laying off a large proportion of the workforce is nothing new, and it is almost always uncomfortable to see corporate culture collapsing with the reality of capitalism. But using a cute name for your employees in the context of publicly announcing layoffs is unlikely to soften that blow.

(Also: I understand that CEOs probably take an emotional toll when they let people go — they’ve let down people who put their livelihoods in their care. But maybe they shouldn’t call it a “brutal day at the office.” that it was probably a lot worse for the people who actually lost their jobs.)

However, Galanis is not exactly known for his tact; in March, he reportedly said that Web3 was like Europe’s colonization of America, and made an analogy with the pearl trade for the island of Manhattan. Apparently this should make Web3 seem like a good thing. In his statement to diversity Regarding the layoffs, Galanis said he wanted to ensure the company had “time and space to nurture newer businesses like Cameo for Business, Represent and web3.” On Tuesday, the company announced its latest Cameo for Business project; a partnership with Snap, Inc that allows advertisers to hire cameo actors to appear in ads on Snapchat.

https://www.theverge.com/2022/5/4/23057796/cameo-layoffs-ceo-pandemic-growth-fameo The company behind celebrity cameo videos has laid off a quarter of its employees

Fry Electronics Team

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