Why is Vimeo conducting layoffs after being acquired by Bending Spoons?

Layoffs often occur post-acquisition as new ownership integrates operations, streamlines processes, or refocuses strategic priorities.

How many employees did Bending Spoons lay off at Vimeo?

The exact number of employees impacted by the layoffs at Vimeo has not been officially disclosed by Bending Spoons.

What is Bending Spoons, and what other companies has it acquired?

Bending Spoons is an Italian tech conglomerate that has acquired platforms such as Meetup, Evernote, and WeTransfer, in addition to Vimeo.

Home / Business and Economy / Vimeo Layoffs Hit After Bending Spoons Acquisition

Vimeo Layoffs Hit After Bending Spoons Acquisition

23 Jan

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Summary

Vimeo is undergoing staff reductions post-acquisition by Bending Spoons.
The exact number of affected employees remains undisclosed by the company.
Layoffs impact a significant portion of Vimeo's global workforce.

Vimeo Layoffs Hit After Bending Spoons Acquisition

Vimeo, a video-hosting platform, is implementing staff layoffs across its global operations. This action follows its acquisition by the Italian conglomerate Bending Spoons in an all-cash deal valued at $1.38 billion, which concluded last year. Bending Spoons has confirmed the layoffs but has not disclosed the specific number of employees impacted. However, sources indicate that a significant portion of Vimeo's total workforce is affected by these cutbacks.

Founded in 2004, Vimeo has faced challenges competing in a market dominated by giants like YouTube. In recent years, the company has strategically invested in artificial intelligence, announcing plans for AI-driven scriptwriting and video editing tools in 2023. Most recently, in October, Vimeo introduced a suite of AI creator tools designed to integrate filmmaking content directly into AI workflows.