Vimeo starts layoffs after acquisition by Bending Spoons
11 hours ago
- #acquisitions
- #tech-layoffs
- #video-platforms
- Vimeo is laying off a portion of its global staff following its acquisition by Bending Spoons.
- Bending Spoons confirmed the layoffs but did not disclose the number of affected employees.
- The layoffs are reported to impact a 'large portion' of Vimeo's workforce, including senior leadership.
- Vimeo has struggled to compete with YouTube and has recently focused on AI-powered tools.
- Bending Spoons has acquired several other tech platforms, including Meetup, Evernote, and WeTransfer.