AM I NEXT? NO LOVE AT CAMEO

Chicago, Illinois-based Cameo, a creator of customized video messages from celebrities, actors, musicians, and athletes, has announced a restructuring.

The restructuring effort impacted 25% of Cameo's workforce or approximately 87 employees, including chief technology officer Rob Post, chief product officer Nundu Janakiram, and senior vice president of marketing Emily Boschwitz.

According to a statement from Cameo CEO Steven Galanis,…

“To support both fan and talent demand during the pandemic lockdowns, Cameo’s headcount exploded from just over 100 to nearly 400. We hired a lot of people quickly, and market conditions have rapidly changed since then. Accordingly, we have right-sized the business to best reflect the new realities."

“The decision to reduce our headcount was a painful but necessary course correction to ensure that we regain focus as well as achieve the agility to navigate new challenges, the ability to optimize our financial resources, and time and space to nurture newer business segments like Cameo for Business, Represent and web3 that we believe will be as big as the core business that put us on the map. 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.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT IAC DOTDASH (01/26/23)

JANUARY 26, 2023 — 7% OF THE WORKFORCE, 274 LAYOFFS

Dotdash Meredith CEO Neil Vogel announced, “We are not immune to the broader challenges of the ad industry and of the economy as a whole, and today’s actions are a direct response to these realities.”

“With the difficult market environment and economic uncertainty that lie ahead, we must prioritize our biggest opportunities and make sure we have the proper cost structure in place to pursue them. Today’s actions provide for the most effective and focused use of our resources and put us in a position of strength as we look toward the future.”

“These decisions are difficult, and it is hard to see friends and colleagues depart,” Vogel said in the email. “We are grateful to those leaving the company, whose effort and talent have been significant contributors to our business.” 

FEBRUARY 21, 2022 — Original post…

New York, New York-based Dotdash, a subsidiary of Barry Diller's InterActive Corp. and the number one digital and print publisher in the United States, has announced that it will cease the print production of six magazines including Entertainment Weekly and InStyle as part of its continuing transformation to a digital enterprise.

The transition from print to digital will impact 200 employees as the April issues of all six magazines would be their final print editions.

The job losses represent less than 5% of the company's workforce and are a consequence of Dotdash's acquisition of the Meredith Corporation.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT SINCLAIR BROADCAST GROUP

Hunt Valley, Maryland-based Sinclair Broadcast Group, a telecommunications and media programming company with broadcast operations including broadcast television, niche content services, and affiliate programming, has announced that it will be laying off 550 employees or approximately 5% of its workforce.

The decision was driven by the general slowdown and economic impact of the novel coronavirus pandemic.

According to a company spokesperson, "The impact of the COVID-19 pandemic continues to be felt across all sectors of the economy, something that can have a profound impact on a company as diversified as ours."

"From local businesses and advertisers to distributors and partners, no component of our business’s ecosystem has been fully shielded from the impact of the global pandemic. In response to this, we are currently undergoing enterprise-wide reductions across our workforce, including corporate headquarters, to ensure we are well-positioned for future success."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?