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May 5, 2022 08:00 pm

On Deck Cuts 25% Staff, MainStreet 30%, and Cameo Removes 87 Positions Including CTO and CPO

Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as "right-sizing." From a report: The layoffs also affected some of Cameo's most senior executives, Protocol has learned. Leadership departures included Cameo CTO Rob Post, top marketing executive Emily Boschwitz, CPO Nundu Janakiram and Chief People Officer Melanie Steinbach, according to a source close to the company. The team in charge of music partnerships saw big cuts, according to a LinkedIn post. Also affected by the layoffs were the company's international operations, including much of its London office, as well as a number of employees in sales and marketing, the source told Protocol. In some other lay off news: On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, TechCrunch reported. The publication also reported that MainStreet, a startup that helps other startups uncover tax credits that was valued at $500 million last year, has laid off about 30% of its staff.

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