Vimeo starts layoffs after acquisition by Bending Spoons

Vimeo starts layoffs after acquisition by Bending Spoons

Vimeo, the video-hosting platform, is shedding some of its global workers, according to a report from Business Insider. The transfer comes shortly after the company’s acquisition by the Italian tech conglomerate Bending Spoons, which bought it in an all-cash deal last yr for $1.38 billion.

Bending Spoons confirmed the layoffs to BI however wouldn’t share how many people would lose their jobs. The Verge studies that the cutbacks will affect a “large portion” of the company’s complete workforce, citing a LinkedIn submit from Vimeo’s former VP of Global Brand and Creative, who acknowledged that he, “along with a large portion of the company,” had been “impacted by layoffs.”

TechCrunch reached out to Vimeo and Bending Spoons for more info.

Vimeo, which was based in 2004, has struggled to seek out its footing in a discipline dominated by YouTube. In current years, the company has leaned closely into AI. In 2023, it announced plans to launch AI-powered script-writing and video-editing instruments. This past October, the company added a set of extra AI-powered creator instruments designed to attach filmmakers’ “content directly to AI workflows.”

In current years, Bending Spoons has acquired quite a few other well-known tech platforms, including Meetup, Evernote, and WeTransfer.

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