Cameo

The company told employees it was laying off more than 80 staffers in the Wednesday all-hands meeting. CEO and cofounder Steven Galanis said in a statement to ...

Its headcount rapidly went from 100 to nearly 400 as business boomed during the pandemic, with Galanis saying that “market conditions have rapidly changed since then.” The company told employees it was laying off more than 80 staffers in the Wednesday all-hands meeting. Galanis said 87 total employees were being cut, adding that it “has been a brutal day at the office” on his Twitter.

The Chicago celebrity shoutout app laid off more than 80 employees, the report said. Cameo had around 350 total employees. Cameo CEO Steven Galanis confirmed ...

Founded in 2017, Cameo pioneered the market for celebrity video shoutouts. The startup raised $100 million in 2021 at a $1 billion valuation. Cameo has raised more than $165 million to date.

Cameo, the popular app that allows you to order a custom video shout-out from a celebrity, is reportedly undergoing a major upheaval.

On music, the top 1% of artists make over 90% of the concert revenue, etc. The Cameo app reportedly offers fans the opportunity to order video messages from over 45,000 celebrities, with Cameo taking 25% of the sales. In sports, the top 2% of athletes make 99% of all the revenue. "We are bullish on the intermediate and long-term future of Cameo, and the actions we have taken to balance our costs with our cash reserves will best position the company to take full advantage of those growth opportunities." "We hired a lot of people quickly, and market conditions have rapidly changed since then. The cuts reportedly included chief technology officer Rob Post, who was formerly the CTO of Quibi, as well as chief product officer Nundu Janakiram and SVP of marketing Emily Boschwitz.

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 “ ...

On Twitter, Galanis asked other companies to hire the members of the “Cameo Fameo” that have been laid off. But they mayyyybe shouldn’t call it a “brutal day at the office,” given that it was likely way worse for the people actually losing their jobs.) Galanis told the outlet the success was partially because so many actors turned to the platform after other projects were put on hold, and predicted that they would stick around.

Cameo, the app that allows fans to pay celebrities for birthday greetings and other shoutouts, said on Wednesday that it laid off nearly 90 people.