Cameo Laid Off a Quarter of Its Staff
Oh, Cameo. When your friend’s birthday is moments away and you still haven’t come up with a gift, where else can you go to pay for a 30-second shout-out from a D-list celebrity? Unfortunately, it seems like that business model might not have a terribly long shelf life.
Earlier this year, the company, whose lineup has at times influenced Snoop Dog, Caitlyn Jenner, and even Donald Trump Jr, announced it would lay off around a quarter of its staff. The layoffs, which CEO Steven Galanis described as a “course correction,” came after the company went on a bit of a hiring spree to meet increased demand during the pandemic. Like so many other companies on this list though, that brief pandemic era bump turned out to be short-lived.
