Vimeo starts layoffs after acquisition by Bending Spoons

In Brief

Vimeo, the video-hosting platform, is laying disconnected immoderate of its planetary staff, according to a report from Business Insider. The determination comes soon after the company’s acquisition by the Italian tech conglomerate Bending Spoons, which purchased it successful an all-cash woody past twelvemonth for $1.38 billion.

Bending Spoons confirmed the layoffs to BI but wouldn’t stock however galore radical would suffer their jobs. The Verge reports that the cutbacks volition interaction a “large portion” of the company’s full workforce, citing a LinkedIn post from Vimeo’s erstwhile VP of Global Brand and Creative, who stated that he, “along with a ample information of the company,” had been “impacted by layoffs.”

TechCrunch reached retired to Vimeo and Bending Spoons for much information.

Vimeo, which was founded successful 2004, has struggled to find its footing successful a tract dominated by YouTube. In caller years, the institution has leaned heavy into AI. In 2023, it announced plans to motorboat AI-powered script-writing and video editing tools. This past October, the institution added a suite of additional AI-powered creator tools designed to link filmmakers’ “content straight to AI workflows.”

In caller years, Bending Spoons has acquired a fig of different well-known tech platforms, including Meetup, Evernote, and WeTransfer.

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