French social media app BeReal, recently acquired by gaming company Voodoo in a €500 million deal, is conducting significant layoffs just weeks after the acquisition. While the exact number of affected employees isn't specified, a "significant portion" of the workforce is being cut as Voodoo's leadership integrates the company and implements a new, sustainable business model. The layoffs, announced in late June 2024, follow BeReal's struggles to grow beyond its peak of around 25 million daily active users and its difficulty securing further funding. The startup, which had raised $90 million from top-tier VCs and was once valued at $600 million, faced an uncertain future before the acquisition.
