Funny or Die Just Laid Off 37 People
Some sad news out of LA today: Funny or Die just laid off 30% of their staff, a total of 37 people, in a restructuring that new CEO Mike Farah says is part of a plan to “double-down and re-focus on making the kind of content that made us a household name in the first place.” As part of the restructuring, they’ll also be closing their San Mateo engineering office.
In addition to creating videos of the un-branded and branded varieties on their site, Funny or Die produces a number of TV shows, the Oddball Comedy Festival, and runs popular social media channels across all major platforms. Here’s their full statement:
While Funny Or Die has grown as a company over the last several years, we’ve remained committed to creating premium comedy. As we move into the future, we’ve decided to double-down and re-focus on making the kind of content that made us a household name in the first place. To accomplish that, we’ve had to reorganize and reduce our staff. This isn’t an easy process for any of us. As necessary as these steps may be, we value every single one of the contributors we’ve had to part ways with. They’ve been integral in making us the company we are today, and we thank them for their dedication and friendship.