Cameo, a web site for ordering video greetings from celebrities, is downsizing once more.

The Chicago startup, which was valued at greater than $1 billion in 2021, intends to put off 80 employees. Reached by TechCrunch, CEO Steven Galanis confirmed that Cameo determined to “scale back the dimensions of our group,” however the government didn’t acknowledge the variety of jobs the agency would remove. The Info first reported the information.

The transfer reportedly leaves Cameo with fewer than 50 workers — a significant shift from the “practically 400” staffers Galanis stated the agency had again when enterprise was actually booming.

In Might 2022, Cameo laid off 87 employees. On the time, Galanis stated in a assertion that Cameo had “employed lots of people shortly” so it may “assist each fan and expertise demand in the course of the pandemic lockdowns.” Then the market “quickly modified,” Galanis added.

The CEO known as that call a course correction so the agency may “regain focus in addition to obtain the agility to navigate new challenges,” comparable to web3. Web3 has since didn’t dwell as much as the hype.

In his assertion at the moment, Galanis referenced the sooner layoffs. “We believed we right-sized our enterprise with our final discount however because the financial circumstances proceed to gradual progress, Cameo will sharpen its focus with a extra streamlined group,” the manager stated.