OnlyFana – The online adult content subscription-based company has let go of employees across the departments in a move to “reshape certain terms”, as first reported by Business Insider.
The total number of employees impacted by these layoffs is yet unclear – but sources tell us that the layoffs have affected various divisions in the company including Recruiting, and Product.
The app had a total of 1.6mn creators as of early 2021 and the number of subscribers grew over 100mn by the end of last year. While its revenue reached around $350 million by the end of 2020.
The London-based company had a shakeup in late 2021 when the founder Tim Stokely was replaced by Ami Gan as the new CEO.