Jellysmack Layoffs
June 2022
Jellysmack announced a layoff affecting 0 employees (8% of its workforce) in June 2022. The company operates in the Media sector.
0
8%
Jun 9, 2022
About
Media creator economy startup Jellysmack laid off 8% of its workforce on Thursday, June 9, 2022, as part of a broader restructuring. The cuts, which affected several departments, reduced the team size to just over 1,000 employees. The company cited anticipated short-term declines in ad spending due to macroeconomic volatility as the primary reason, aligning with wider tech sector concerns. As part of the restructuring, Jellysmack plans to cease commercial operations in Italy, Germany, and the Netherlands, and curb marketing investments to focus on sustainable growth areas for its creator partners. The well-funded startup, backed by investors like SoftBank, operates in the creator economy industry, specializing in redistributing creator content for ad revenue.
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