Jellysmack Layoffs
January 2024
Jellysmack announced a layoff affecting 30 employees in January 2024. The company operates in the Media sector.
30
Jan 23, 2024
About
Creator economy startup Jellysmack laid off 30 employees in the US and France in December 2023, marking its third round of layoffs within a year. The cuts were part of a restructuring effort to focus on areas of traction and growth, particularly its technology and AI product offerings for creators. CEO Michael Philippe cited a contraction in monetization across platforms, driven by volatility in the digital ad market and a decrease in long-form distribution, as key reasons. The company, which helps creators distribute content on platforms like Facebook and Snapchat, aims to preserve its long-term health amid these challenges.
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