Overview

• Wondermind, co-founded by Selena Gomez, has laid off nine of its 15 employees, representing 60% of its workforce, as part of restructuring efforts.
• The company faced severe financial challenges, including missed payrolls since March 2025 and tens of thousands of dollars owed to vendors and freelancers.
• A Wondermind spokesperson claims the financial crisis has been resolved, with back pay issued to employees and vendors, though leadership disputes some funding claims.
• Reports of Mandy Teefey, the CEO, taking a home loan to cover debts have been contested, with insiders suggesting Gomez provided additional funding instead.
• Public criticism has mounted due to Gomez’s billionaire status and her limited involvement in day-to-day operations, despite her role as Chief Innovation Officer.