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Mass Layoffs Erupt at Vimeo After Bending Spoons Deal
23 Jan
Summary
- Vimeo is implementing global layoffs shortly after its acquisition.
- Employees report significant job losses impacting numerous teams.
- This follows a previous 10% workforce reduction before the acquisition.
Vimeo has recently begun implementing significant global layoffs. Reports from former employees suggest that a large part of the company's workforce has been impacted, with some indicating that nearly everyone, including entire video teams, was affected. This situation follows a prior reduction of 10 percent of its staff in September.
The recent job cuts occurred shortly after the Italian software company Bending Spoons finalized its acquisition of Vimeo for $1.38 billion. This acquisition has raised concerns, particularly given Bending Spoons' history of workforce reductions in companies they have previously purchased.
These layoffs could potentially affect the content hosted on the Vimeo platform. It remains unclear how many employees were affected globally in this latest round of redundancies, as Vimeo and Bending Spoons have not yet provided detailed statements.
