Vimeo, the video platform, is undergoing significant changes in its workforce following the $1.38 billion acquisition by Italian software company Bending Spoons. The layoffs, which have impacted employees globally, were confirmed by former VP Dave Brown, who stated that ‘a large portion of the company’ was affected.
Reports from former employees suggest that the layoffs were substantial, with numerous teams, including the video and software departments, being impacted. While specific numbers are not available, concerns arise regarding the potential impact on content hosted on Vimeo, such as comedic shows from Dropout.
This recent round of layoffs is not the first for Vimeo, as the company previously laid off 10% of its workforce in September, shortly before the acquisition by Bending Spoons was announced. Bending Spoons has a history of staff reductions post-acquisition across various companies it has acquired, including WeTransfer, Filmic, and Evernote.
Source: The Verge