Spotter, a startup collaborating with prominent YouTube personalities, has laid off a portion of its workforce amid ongoing economic challenges, confirming its second round of cutbacks in six months. While the specific number of employees affected remains unclear, the decision aims to streamline operations and enhance profitability by year-end. Notably, Spotter has attracted significant funding, including from Amazon and SoftBank, and has disbursed over $950 million to creators. The layoffs did not affect the advertising sales team, emphasizing the company's focus on maintaining relationships with top creators.
Spotter's recent layoffs, attributed to the evolving macroeconomic environment, mark its second round of staff reductions in six months, aiming for profit by year-end.
Despite the layoffs, Spotter remains committed to its creator partners, having paid out over $950 million in licensing fees, with no impact on their ad sales team.
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