Cameo, a platform that allows fans to buy personalized videos from celebrities, has laid off 87 members of its staff, according to a tweet from CEO Steven Galanis. The layoffs, as first reported by The Information, impacted a quarter of the overall workforce and was a result of the company needing to balance costs with cash reserves.
“Today has been a brutal day at the office. I made the painful decision to let go of 87 beloved members of the Cameo Fameo,” Galanis wrote on Twitter. “If you’re looking to hire hungry, humble, smart, kind, curious, learning machines who love to win – and you see Cameo on their resume – look no further.” Impacted employees have opened their DMs to new opportunities
TechCrunch has reached out to Cameo for comment regarding which roles were impacted and for further details on severance packages. Protocol, citing a source close